Swedish luxury sports car maker Koenigsegg is aiming to finalize a deal to purchase Saab from General Motors Co. and it intends to do just that by the end of October. Christian von Koenigsegg, CEO and part owner of his namesake company, said that talks were progressing nicely to secure Swedish state guarantees for billions of crowns of loans from the European Investment Bank (EIB).

However, one of Koenigsegg’s main owners had said last weekend that the company could pull out of its planned purchase unless steps to secure loans were in place by Wednesday. Norwegian businessman Bard Eker, who owns part of Koenigsegg through his holding company, said that Wednesday is indeed crucial as progress was needed on the EIB loans that Koenigsegg needs to finalize the Saab deal. Von Koenigsegg downplayed the comments, saying that there was no deadline and that he didn’t see any risk of the deal falling through.

Tags: car news, general motors saab sale, gm saab sale, gm saab sale finalized, Koenigsegg, koenigsegg saab sale, koenigsegg saab sale news

This entry was posted on Tuesday, September 29th, 2009 at 11:44 pm and is filed under 2009, 4wheels News, Automakers, Europe, GM, 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.