Koenigsegg Takes Full Ownership of Saab from GM
As one of several car companies General Motors put up for sale earlier this year, Saab was one to sell quickly. And today it is official – GM has announced they have signed a stock purchase agreement with Koenigsegg for 100% of Saab Automobile. GM and Saab will reportedly “continue to share technology, under a variety of license and service agreements, for a defined time period.”
GM’s European President Carl-Peter Forster said, “This contract is an important step in the journey to a potential deal.” He added that, “Saab’s great cars, its unique design, safety- and engine-technology, as well as its excellent brand image, combined with Koenigsegg Group’s unique combination of innovation and entrepreneurial spirit, bode well for a successful future for the brand. We will continue to work with all parties to define the final details and ensure a fast closure of the deal, which we expect to take place in the next few months. The closure of the deal is contingent on the funding commitment from the European Investment Bank, guaranteed by the Swedish government.” Well now, doesn’t he seem enthusiastic about all of this!
Both new Saab owner Christian von Koenigsegg and Managing Director of Saab Jan Åke Jonssson (try saying those names 3-times fast) echoed Forster’s sentiments. The all new Saab 2010 9-3X will be the final vehicle released under a GM-Saab partnership, and Koenigsegg hopes the Swedish auto maker will take a new design angle on future concepts, while keeping the beauty and performance of Saab cars alive.
(photos: WorldCarFans)
Sep 2nd, 2009 at 12:44 pm
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