Koenigsegg Backs Out of Saab Deal

Koenigsaab

GM just announced that Koenigsegg backed out of their deal to purchase Saab. Not much information about it was given, and there is no word from Koenigsegg regarding why they decided not to purchase the GM subsidiary.

GM President and CEO, Fritz Henderson said:

We’re obviously very disappointed with the decision to pull out of the Saab purchase. Many have worked tirelessly over the past several months to create a sustainable plan for the future of Saab by selling the brand and its manufacturing interests to Koenigsegg Group AB. Given the sudden change in direction, we will take the next several days to assess the situation and will advise on the next steps next week.

We’ll keep you updated on any more information regarding this decision.

Chris Burdick

Chris Burdick

Founder, Editor-in-Chief
Hi! I founded Automoblog.net in May of 2006. I'm an avid sports car and supercar enthusiast. My favorite cars include the Audi R8, Lamborghini Diablo 6.0 VT, and Koenigsegg CCX. I think the Ferrari 360 Spider is still one of the most beautiful cars in existence. For “normal” cars, I tend to lean towards imports - Nissan, Audi, and of course the Italians. I'm in love with my Pearl Yellow (don't judge) 1990 Nissan 300ZX Twin Turbo and plan to get around 550 HP to the rear wheels one day. I'm also a world traveler and have been backpacking Europe since March 2012, writing about cars along the way
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