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.

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I founded Automoblog.net in May of 2006 to share my love of cars. My favorites include the Lamborghini Diablo 6.0 VT and Koenigsegg CCX, and I think the Ferrari 360 Spider is still one of the sexiest cars in existence. For “normal” cars, I like imports - Nissan, Audi, Subaru... I love my Pearl Yellow (don't judge) 1990 Nissan 300ZX TT and plan to get it to around 550 HP one day. I'm also an avid world traveler and love rock climbing.

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