Cars
According to a report from the Swedish financial daily newspaper, Dagens Industri, Sweden's own supercar builder Koenigsegg, is one of the three remaining parties interested in buying General Motors' SAAB brand. The newspaper said that the other two suitors for GM's Swedish arm are Fiat S.p.A that has also made a bid for Opel and Vauxhall, and the Renco Group, a New York City-based holding company controlled by U.S. billionaire Ira Rennert. Citing unnamed sources close to GM, the paper said that the "toughest battle is expected between the Renco Group and Koenigsegg."
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Cars
Koenigsegg Among the Remaining Bidders for GM's SAAB Division
According to a report from the Swedish financial daily newspaper, Dagens Industri, Sweden's own supercar builder Koenigsegg, is one of the three remaining parties interested in buying General Motors' SAAB brand. The newspaper said that the other two suitors for GM's Swedish arm are Fiat S.p.A that has also made a bid for Opel and Vauxhall, and the Renco Group, a New York City-based holding company controlled by U.S. billionaire Ira Rennert. Citing unnamed sources close to GM, the paper said that the "toughest battle is expected between the Renco Group and Koenigsegg." Dagens Industri noted that the Swedish automaker's chief executive, Christian von Koenigsegg, declined to confirm or deny the newspaper report.
In April, Saab officials told a Swedish court, which granted the company an extension of its reconstruction period, that they expect to have completed the sale by the end of June.
Via: Reuters
- Form An Orderly Queue: Receivers Say More Buyers Show Up For Saab
This is your daily update on the story that is the survival of Saab. Today, we receive news that yet another party is interested in acquiring the Swedish car company, the third in as many days. Swedish newspaper Dagens Industri confirms last month's...
- Saab Reportedly In Talks With Bmw On The Development Of The 9-2, And Diesel Engines For 9-4x
SAAB Automobile boss Victor Muller is reportedly in discussions with BMW about sharing hardware and technology for a new small car inspired by the teardrop-shaped 92 model of the 1950s, Swedish daily Dagens Industri reported on Friday, citing unnamed...
- Breaking News: Koenigsegg Terminates Agreement To Buy Saab From General Motors
General Motors has just announced that the proposed sale of its Saab unit to a consortium led by Swedish sports car maker Koenigsegg has been canceled. And this time, it's not because the Detroit automaker wanted to keep Saab as was the case with...
- Gm Announces Deal With Koenigsegg On Saab Sale
General Motors officially announced today that it reached a preliminary agreement to sell its Saab division to a consortium led by Swedish sports car maker Koenigsegg. The deal that is expected to close by the end of the third quarter of this year includes...
- Koenigsegg Reported To Have Agreed To Buy Saab, Officials Says No Comment
Citing anonymous sources, Sveriges Television AB, or SVT for short, reported on its website that Swedish sports car maker Koenigsegg has agreed to buy GM's loss-making premium brand, Saab. "The buyers have signed a letter of intent to buy Saab. Final...