Koenigsegg - the Saab buyer

Posted on Friday, 12 June 2009 , 13:06:40 byEmil

Filed under koenigseggsaabbidhummersaturngmsvtKoenigseggSaabHummerSaturn

Koenigsegg - the Saab buyer

Reports 1st surfaced about the interest Koenigsegg has in GM's Saab department last month, having the newest info indicating the supercar maker from Sweden has sealed the contract for the General Motors cast-off brand name. Koenigsegg and some investors from Norway were among a 3 bidding group for the Saab name.

Sweden's SVT reported that Koenigsegg inked an intent letter to aquire the Saab department from GM. 'The buyers have signed a letter of intent to buy Saab' 'Final negotiations about details on the deal will go on in the next months'.

Saab and GM representatives haven't confirm this report yet. Both GM and Saab have indicated recently a sale could very well be finalized this month or in July, at the beginning. General Motors put Saab now up for sale – right alongside its Saturn and Hummer brand names – before the Chapter eleven bankruptcy filling in June, this year.