Cars
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 negotiations on the details of the deal will continue over the next few months," SVT said on its website. However, Saab spokeswoman Gunilla Gustavs told CNN that the report by the Swedish television station is "speculation from other channels, and I can't comment on speculation." We'll keep a close on the story and inform you for any new developments.
- China's Pang Da And Youngman Agree To Buy Saab For €100 Million And Save It From Bankruptcy
Saab's parent company Swedish Automobile N.V. [Swan] said on Friday that it has agreed to sell the company to China's Pang Da and Youngman. If the deal goes through, the Chinese will own Sweden’s car industry bar Koenigsegg as Volvo was...
- Saab Denies Reports That It Is Seeking Court Protection - For Now
As the days go by without a viable solution to Saab's worsening financial problems, the closer the company gets to its breaking point. Today, Sweden's public radio (Sveriges Radio) ran a report citing unnamed sources that said Saab's parent...
- 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 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...
Cars
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 negotiations on the details of the deal will continue over the next few months," SVT said on its website. However, Saab spokeswoman Gunilla Gustavs told CNN that the report by the Swedish television station is "speculation from other channels, and I can't comment on speculation." We'll keep a close on the story and inform you for any new developments. Sources: SVT and CNN - Hat tip to David N.!
- China's Pang Da And Youngman Agree To Buy Saab For €100 Million And Save It From Bankruptcy
Saab's parent company Swedish Automobile N.V. [Swan] said on Friday that it has agreed to sell the company to China's Pang Da and Youngman. If the deal goes through, the Chinese will own Sweden’s car industry bar Koenigsegg as Volvo was...
- Saab Denies Reports That It Is Seeking Court Protection - For Now
As the days go by without a viable solution to Saab's worsening financial problems, the closer the company gets to its breaking point. Today, Sweden's public radio (Sveriges Radio) ran a report citing unnamed sources that said Saab's parent...
- 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 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...