GM agrees terms for sale of Saab to Koenigsegg

The Times ^ | 8/19/2009 | Robert Lindsay

[bruinbirdman]

General Motors has agreed the terms of a sale of its loss-making Saab division to Koenigsegg, a Swedish manufacturer of sports cars based near Malmö, employing only 45 people.

Augie Fabela, Koenigsegg’s chairman, said that the American carmaker would remain a minority owner in Saab until it became profitable, but added that some finance for the deal had yet to be secured. Koenigsegg is hoping for a SwKr4.3 billion ($778 million) loan to Saab from the European Investment Bank. Koenigsegg also needs to raise a further SwKr3 billion.

Carl-Peter Forster, the head of GM Europe, said: “This contract is an important step in the journey to a potential deal. The closure of the deal is contingent on the funding commitment from the European Investment Bank, guaranteed by the Swedish Government.”

[Nachum]

GM sells Saab to the Swedes, American workers get the shaft

The list, ping

[Wally_Kalbacken]

Well, it would be an interesting but academic point to know the true net loss in GM’s ownership of SAAB over the past 20 years. They stubbed their toe, big time. At least they are out and no longer have to spin brain cells trying to come up with a way to make that work.

[CanaGuy]

Ah, yes. The Koenigsegg. Nice car. Snappy name.

[GizmosAndGadgets]

Introducing the all-new Saab CCX: Not the wimpy piece of junk you're used to!

[GizmosAndGadgets]

See the Koenigsegg CCX on "Top Gear"

Performance
Acceleration
0-100 km/h (0-62 mp/h) 3.2 seconds
0-200 km/h 9.8 sec, 0-200-0 km/h 14 sec
0-300-0 km/h: 29.2 Sec
Top Speed: 395+ km/h (245+ mph)
Braking distance: 32m (100-0 km/h)
Lateral G-force: 1.3 G

[JeffChrz]

Could someone post how the Top Gear presenters spell “Koenigsegg”?

[GizmosAndGadgets]

Could someone post how the Top Gear presenters spell “Koenigsegg”?

Here's a screen cap from the video at 2:19:

I don't see a view of the whole thing that's readable.

[WesternCulture]

“Could someone post how the Top Gear presenters spell “Koenigsegg”?”

- Brits like the Top Gear team don’t care much for foreign languages (a good TV show though).

Anyhow, this is how I would market the beauties in question:

“Koenigsegg,

- One day you might learn how to spell our company name

- You are one lucky bastard ever earning enough to buy one

- Regrettably, whatever you do, you’ll never become Michael Schumacher you fat ****”

[chopchop_madafaka]

it’s : Koenigseggisseggggnignigsegigiseggg

[dfwgator]

Eggzactly.

[GizmosAndGadgets]

it’s : Koenigseggisseggggnignigsegigiseggg

That's a mouthful ;-)