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Koenigsegg will buy Saab

GM announced that a stock purchase agreement has been signed today by Koenigsegg Group AB who will buy 100% of Saab's Automobile AB shares.

Details regarding the transaction should finalize in the following months and a series of closing conditions will be imposed. Some of these condition include funding commitments with the Swedish government and transitional assistance from GM. Also during a set period of time, GM and Saab will continue to share technology and services.

Christian von Koenigsegg said that "Our plan is to transform Saab into a stand-alone vibrant entrepreneurial company and make it ‘sustainable' by making it profitable.We will revive Saab's Swedish heritage of ecological sensitivity, safety, design innovation and ‘fun to drive' experience!"

Koenigsegg will buy Saab

 

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