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It's official: Koenigsegg buys SAAB!
www.thelocal.se ^ | 06/11/2009 | TT/The Local

Posted on 06/11/2009 3:11:48 PM PDT by WesternCulture

Sporty Swedish car maker Koenigsegg has teamed up with a group of Norwegian investors to buy Saab from General Motors, according to state broadcaster Sveriges Television's news show Rapport.

Koenigsegg has signed a declaration of intent with regard to the purchase, with more detailed negotiations set to continue over the coming months.

The sports car maker, based in Ängelholm in southwest Sweden, has secured the backing of Norwegian investors, according to Rapport.

Koenigsegg has long been named as one of the parties interested in snapping up the ailing Swedish auto giant.

Earlier on Thursday, the Swedish trade ministry indicated that a sale was near when it released a statement to the effect that negotiations could now begin over state guarantees for loans to Saab. The Swedish National Debt Office (Riksgälden) is to act on behalf on the Swedish state in opening loan negotiations with Saab Automobile in order to pave the way for lending from the European Investment Bank (EIB).

"We have always said that when Saab got a new owner Riksgälden would be given the task of negotiating loan guarantees, if such are required. Following today's decision we are well prepared for that," said state secretary Jöran Hägglund in a statement.

Koenigsegg was founded in 1994 by Swede Christian von Koenigsegg, 36.


TOPICS: Business/Economy
KEYWORDS: automakers; automotive; entrepreneurship; gm; koenigsegg; norway; saab; sweden
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To: ZirconEncrustedTweezers
Saab Aero X


21 posted on 06/16/2009 3:08:35 AM PDT by big'ol_freeper ([Advocate for] Mitt Romney[?], God help you, but you're on the wrong website ~ Jim Robinson)
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To: ZirconEncrustedTweezers; WesternCulture
First pictures of Koenigsegg and Saab vehicles side by side (news photos from today):


22 posted on 06/16/2009 12:31:59 PM PDT by big'ol_freeper ([Advocate for] Mitt Romney[?], God help you, but you're on the wrong website ~ Jim Robinson)
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To: big'ol_freeper

WANT!!!


23 posted on 06/16/2009 1:28:43 PM PDT by ZirconEncrustedTweezers (Whoever coined the term "foolproof" underestimated the ingenuity and determination of fools.)
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To: WesternCulture
I wonder if this new owner can confidently say their vehicles will get over 35 mpg??? I doubt it.
24 posted on 06/16/2009 2:57:36 PM PDT by antiunion person (The Obama administration is the same as a cosmic black hole.)
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