Breaking News: Koenigsegg buys Saab
By Andrew C., 27 Aug, 2010. 0 Comments
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According to the latest reports, it appears that General Motors signed a letter of intent to sell the Saab brand to Koenigsegg, the Swedish supercar manufacturer and a group of Norwegian investors. If the sale will be made, then GM will have to provide $500 million in assets and cash, plus production equipment for a new Saab model but also the $150 million of cash already in Saab's account. For those folks who don't know, Koenigsegg was born back in 1994 and currently produces almost 20 supercars per year - each priced at $1,6 million... so money will not be a problem for the new owner. [via reuters]
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