This new just dropped in! It appears that Koenigsegg, the well-known Swedish car manufacturer, is stopping the deal buy Saab Automobile from General Motors.

“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.” said GM President and CEO, Fritz Henderson. As you may know already, back in June Koenigsegg, a small sports car firm with only 45 workers, was planning to take over a company with over 3,400 employees. Of course, we could think that this could be a strategy from GM… because all of you know that the Opel deal was also dropped by the American manufacturer!

[via cnbc]

Tags: car news, koenigsegg saab deal, Saab, saab deal, saab sale canceled, saab sale dropped

This entry was posted on Tuesday, November 24th, 2009 at 7:30 pm and is filed under 2009, 4wheels News, Automakers, Europe, Saab, Year, Zone. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.