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!"
Source: GM
