Koenigsegg set to buy Saab - report

 Koenigsegg set to buy Saab - report
Koenigsegg Quant

A report by the Swedish television station SVT says that Saab has been offloaded to Swedish supercar maker Koenigsegg. Posted on SVT's website were the words "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."

SVT tried to get comment from both Koenigsegg founder and CEO Christian von Koenigsegg and current Saab owner General Motors. GM declined to speak while Koenigsegg could not comment as he was on the move somewhere.

The deal is said to involve a group of allegedly deep-pocketed Norwegian investors and could be finalised before the end of July. GM has put a "for sale" sign on Saab as part of its road back to financial health after it emerged that the company was in financial trouble. Both companies are making massive losses as they struggle with sagging sales and deep debts.

 

Source: reuters and SVT

Add a Comment

Comments (17)

Subscribe to comments
 desiathate desiathate
I think this would be interesting
June 11, 2009 9:47 pm
 norther norther
i repeat.... best news all year. what is european, should belong to europeans.
June 11, 2009 10:11 pm
 mcoopers81 mcoopers81
You couldn't have said it any better norther. European car manufactures mustn't sell to greedy American manufactures.
June 11, 2009 10:23 pm
 thamzn thamzn
Better sell to greedy Europeans then...?
June 12, 2009 10:25 am
 Airbag Airbag
Do it, make a Koenigsegg powered Aero X as a halo vehicle to relaunch the brand and watch the Germans start quaking.
June 12, 2009 12:56 am
 Wickedated Wickedated
1) Great car news, perfect mating Saab and Koenig, keeping it in Sweden. If I were Swedish I'd be proud. Then again, I'm not. Nobody cares about Saab in North America. Who drives a Saab?
June 12, 2009 1:07 am
 loyo loyo
Jerry Seinfeld
June 12, 2009 1:11 am
 Xanavi23 Xanavi23
Damn right Loyo. Jerry Sienfield had the 900S, if im not mistaken. Saabs are cool cars, i love their turbo engines. The last generation 9-3 was an awesome looking sport sedan, even the new one is pretty nice. The new 9-5 with the slightly weaker 260hp turbo engine is pretty sweet too. Koennigseggs ownership has the potential to make Saab an top level company, could also reap boons for K.
June 12, 2009 1:43 am
 radmeister radmeister
Our first car in Ontario was a 900SPG (amazing car) then we got a 9000 Aero Hatch, also a great car. I bought my 9-5 Aero in 2005 and slowly started doing some small time mods, by the time i knew it i had in the area of 330hp. Nice coil-over suspension with adjustable Koni shocks, the car handled like it was on rails and still kept a smooth ride. And let me tell you the speedo says 270km/h and it will do it no prob. Mine got up to 282km/h(GPS) and i could take my hands off the wheel and the car went straight. They are fabulous cars but over time they have started to degrade in quality and uniqueness since GM bought them. They are the swedish equivalent of Alfa Romeo.
June 15, 2009 3:31 am
 Hexatron Hexatron
Great news. I hope that Koenigsegg has enough money in the piggy bank to raise Saab to glory and wealth.
June 12, 2009 9:22 am
 fujiturbo fujiturbo
Who drives SAAB? Well, i think sabbys are excellent, cars, they have made consistent cars and yes their engines are good.I don't own one but i drove one a few times i think it's a very comfortable car.
June 12, 2009 11:02 am
 Vlad Vlad
Yes, this is perfect news. Hope it becomes a reality.
June 12, 2009 11:03 am
 Prince_Ash Prince_Ash
that sounds wicked! cant wait to see what koenigsegg is going to do to reform it.
June 12, 2009 11:23 am
 TJ TJ
Superb~! Go and take it, Koenigsegg plus Saab!!!
June 12, 2009 4:28 pm
 alessandro alessandro
Great! Hei Sverige!
June 13, 2009 2:35 pm
 bILLIONAIRE bILLIONAIRE
Great! Hei Norge! Eker & Co. Saab blir norsk!
June 15, 2009 12:02 pm
 GTurbo GTurbo
Never mind the fact a specialist sportscar firm is more profitable than a volume niche firm. This is the kiss of life that SAAB badly needed! Swede relations at its best. See what happens when European car firms end up in Asian hands? Rover/MG are now Nanjing. Who's interested in Rovers or MGs now? Now it's Geely's turn to snap up Volvo, thanks to Ford. Nuff said. However, Tata is showing them how it's done with Jaguar/Land Rover. When you throw Euro assets into Continental hands, it's Tata (excuse the pun)! The Quant's 'production' should now be quantifiable success!
October 30, 2009 11:55 am