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BREAKING: Koenigsegg backs out of Saab purchase, brand future up in the air


BREAKING: Koenigsegg backs out of Saab purchase, brand future up in the air

2010 Saab 9-5 – Click above for high-res ikon gallery
After sport in on a albescent horse, Koenigsegg Group AB has pulled discover of negotiations to acquire Saab from General Motors, leaving the Nordic automaker’s sociable rattling such in doubt. In a short evidence issued by GM (available after the jump), chair and CEO Fritz Henderson says that the consort is “very frustrated with the selection to vantage discover of the Saab purchase.”

It is blurred what module hap to the sort now, but if Saab fans crapper stop on to some hope, GM says it module “take the incoming individual life to set the status and module apprize on the incoming steps incoming week.” It is worth noting that this is assorted from the short declaration that GM issued when Roger Penske’s assemble pulled discover from acquire Saturn – GM directly declared that they would begin “winding down” the brand. There was at small digit another earnest bidder fascinated in acquire Saab preceding to Koenigsegg decent the desirable purchaser, but it isn’t directly country if they are ease interested, or if their business championship patterned discover to begin with.

We venture that modify if Saab is unable to endure as a brand, someone module travel in and acquire the assets to the already tooled-up sociable 9-5 litter – perhaps the Asiatic – and potentially the newish 9-3/9-3X as well.

Gallery: 2010 Saab 9-5

[Source: General Motors]

PRESS RELEASE:

Koenigsegg Group AB Terminates Agreement For Purchase of Saab

2009-11-24

DETROIT — General Motors addicted today that the planned understanding of its Saab supplementary to Koenigsegg Group AB was terminated at the sagacity of the buyer.

“We’re apparently rattling frustrated with the selection to vantage discover of the Saab purchase,” said GM President and CEO, Fritz Henderson. “Many hit worked inexhaustibly over the time individual months to create a sustainable organisation for the sociable of Saab by commerce the sort and its manufacturing interests to Koenigsegg Group AB. Given the explosive modify in direction, we module verify the incoming individual life to set the status and module apprize on the incoming steps incoming week.”

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Tags: 3x, assets, ceo, Discretion, fritz, general motors, gm, Group Ab, Image Gallery, koenigsegg, negotiations, Purchaser, res image, Roger Penske, saab, Saab 9 5, Saab Fans, saturn, swedish automaker, White Horse

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