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Koenigsegg-Saab deal falls through

Koenigsegg has pulled out of takeover deal for struggling Swedish car-maker Saab

Koenigsegg Saab

By Luke Madden

24th November 2009

Saab has become the latest manufacturer to fall victim to the unpredictable motor industry. A statement, issued by General Motors has revealed that Koenigsegg Group AB has pulled out of the deal to buy fellow Swedish car maker, Saab.

General Motors revealed that they are "very disappointed with the decision to pull out of the Saab purchase", but offered no explanation for why the deal fell through.

GM are insisting that not all is lost for the Saab brand, with company president and CEO Fritz Henderson claiming they will "take the next several days to assess the situation and will advise on the next steps next week."

One possibility is that other buyers, who expressed an interest before Koenigsegg, may again step up to complete a takeover.

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2 Comments

Saab, was expected

Koenigsegg is a supercar brand and looks awesome.
Saab is the opposite in every way.
I understand why they pulled out.
Why do they want a brand that looks and performs the same a Vauxhall Vectra?
Saab needs a whole new direction!!
Saab can be run by a chinese comany, maybe Geely?
It will be good there

By lucasworld on 26 November, 2009, 2:19pm

ANOTHER FAILURE BY THE AMERICANS

The europeans should rethink a takeover bid ever by any american auto manufaturing, they have systematically taken two perfectly fine automobile companies, SAAB and Volvo AND ruined them both in less than 10 years.
Without going into engineering details, this is what you get, they make garbage and imprement the art of false marketing that works a few years and then everything falls apart. this is historically true and reveals itself again with SAAB. they were superb cars and now they are infected with problems. Same with Volvo.
The truth is never comfortable.

By ENGINEERING on 27 November, 2009, 4:31pm

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