Home » News » Saab » Koenigsegg will buy Saab

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

 

Related Articles

Leave a Comment

Fields marked with * are required
Name *:
Email *:
Comment *:
Code *:
  CAPTCHA
  • Email
  • YouTube
  • RSS
  • Twitter
  • facebook
  • feedburner

Related Specs

  1. 1993 Saab 9000 Aero

    Engine: Turbocharged Inline-4, Power: 167.8 kw / 225.0 bhp @ 5500 rpm, Torque: 349.8 nm / 258.0 ft lbs @ 1950 rpm
  2. 1985 Saab 900 Turbo EV-1 Concept

    Engine: Turbocharged Inline 4, Power: 210.3 kw / 282.0 bhp @ 6500 rpm, Torque: 334.0 nm / 246.3 ft lbs @ 3500 rpm
  3. 2000 Saab 9-3 Aero Coupe

    Engine: Turbocharged Inline-4, Power: 152.9 kw / 205.0 bhp @ 5500 rpm, Torque: 280 nm / 206.5 ft lbs @ 2200 rpm
  4. 2003 Saab 9-3 Hatch Concept

    Engine: GM L850 All Aluminum Inline -4, Power: 186.4 kw / 250 bhp @ 5500 rpm, Torque: 350 nm / 258.1 ft lbs @ 2500 rpm
  5. 1999 Saab 9-3 Viggen Coupe

    Engine: Turbocharged Inline-4, Power: 167.8 kw / 225.0 bhp @ 5500 rpm, Torque: 342 nm / 252.2 ft lbs @ 2500 rpm

New Vehicles

Nissan Micra benefits 1.0 litre gasoline engineNissan Micra benefits 1.0 litre gasoline engine
Nissan is offering the current Micra on the UK market with a new gasoline engine, more suitable for those looking for a more economical unit. ...

Concept Cars

Lexus LF-1 Limitless concept introduced at NAIASLexus LF-1 Limitless concept introduced at NAIAS
Lexus is using this year Detroit Motor Show to introduce us a futuristic crossover, that is scheduled to become the next flagship crossover for the Japanese ...

Custom Cars

MG3 receives new accessory pack in UKMG3 receives new accessory pack in UK
MG tries to make the current MG3 more attractive this Christmas so is spicing up the range with some accessories. Whether you want some extra protection ...

Future Cars

Volkswagen I.D. Buzz confirmed for productionVolkswagen I.D. Buzz confirmed for production
Volkswagen is decided to be one of the leaders in reducing its emissions in the future years. After the Dieselgate scandal, this is the right thing to ...

Market News

Volkswagen US sales defies Dieselgate scandal expectationsVolkswagen US sales defies Dieselgate scandal expectations
Some might say Volkswagen had some difficult times in US after the Dieselgate scandal. But 2017 sales say something else. Volkswagen of America reported ...

Gadgets

Volkswagen and NVIDIA partner for Artificial IntelligenceVolkswagen and NVIDIA partner for Artificial Intelligence
Volkswagen is more and more preoccupied by introducing new technologies into its cars. So is looking some strong partners with great experience in this ...

Various News

The new Renault Clio will come to ParisThe new Renault Clio will come to Paris
The current generation Renault Clio is on the market for a long time. But according to AutoExpress, the french super-mini model will get a new generation ...

Motorsports

DS Racing Formula E car unveiledDS Racing Formula E car unveiled
Formula E is becoming more and more attractive for the European brands. One of the most important car manufacturer who takes part at the electric Grand ...

Videos

Tesla Model 3 clocked at 4.66 seconds for 0 to 60 mphTesla Model 3 clocked at 4.66 seconds for 0 to 60 mph
Tesla Model 3 should be a succesful model. The car was reserved more than 400.000 times before the launch and now the production has begun. ...