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GM waiting for new Saab offers until end of the year
 A little hope seems to have appeared in the Saab selling (more likely survival) scenario. General Motors has announced that they are still searching for a new owner for Saab. The Board of Directors of General Motors have received ``expressions of interest`` from a suite of buyers for Saab after Koenigsegg canceled their offer. General Motors has stated, in a press release, that ``The Board will evaluate potential bids between now and the end of December. At that time, we will determine whether a suitable arrangement for Saab exists. If not, we will begin an orderly wind down of the global Saab ...
Tags: waiting, offers, end, year, until, gm, saab, general-motors
Saab has reached a dead end
 As we previously told you, the situation at Saab seems to be extremely grim. After Koenigsegg, the famous Swedish super car maker, which was backed by BAIC (Beijing Automotive Industry Corporation), pullet out of a deal to acquire Saab, the Swedish automaker currently owned by General Motors, it looks like a dead end has been reached. The decision of Koenigsegg and BAIC to pull out came only one week before the deadline that was settled with General Motors. The Swedish government is still hopeful that a new buyer might be found to save Saab, but the future of the automaker looks very dim. This scenario ...
Tags: dead-end, dead, end, saab
Selling of Saab to Koenigsegg canceled
 The proposed sale of Saab to a consortium led by Koenigsegg, the famous Swedish sports car maker, has been canceled. This information is official as General Motors was the one to publicly announce that the sale of their Saab division has been canceled. Unfortunately, Koenigsegg backed out of the purchasing of Saab in the same way Penske did with Saturn, so this is not the same happy case as the one with the canceling of the Opel sale. Fritz Henderson, General Motors President and CEO, has stated that ``We are obviously very disappointed with the decision to pull out of the Saab ...
Tags: sell, canceled, selling, saab, koenigsegg, gm
Koenigsegg CCX crashed by dealer
 This is just another fine example of what too much adrenaline can do to someone. If we were talking about a regular cheap car like the Suzuki SX4 for example, then it certainly would not have been a subject for this article. But when the car that was crashed is a extremely expensive exotic car, then it certainly draws our attention. The accident happened when a New York dealer was taking a 2008 Koenigsegg CCX owned by a customer on a joy ride. As almost always, these joy rides do not end up good. The Koenigsegg CCX ended up into a guardrail and ...
Tags: ccx, crash, dealer, koenigsegg
Saab is now closer to start the production in China
 A potential beginning of Saab cars production in the Chinese territory. Beijing Automotive, alias for BAIC, apparently might start, in the country, local production of cars from, thanks mainly to the Koenigsegg Group deal.Jan-Ake Jonsson - Saab CEO said at the Auto Show in Frankfurt according to gasgoo.com. 'Beijing Automotive is an opportunity for us to establish ourselves in the Chinese market with their experience'. Saab's CEO unveiled also that the Swedish builder with the intention of doubling the Chinese dealerships number from 15 to 30.BAIC became a Koenigsegg Group minority shareholder who will of course continue owning 100 % of SAAB.CEO of Koenigsegg Group ...
Tags: china, baic, production, saab, gm, koenigsegg, beijing, frankfurt
In Frankfurt you can see the new Koenigsegg Trevita
 Koenigsegg, Swedish builder has just unveiled their newest contraption, a CCXR limited edition. Called Trevita, the vehicle will be first debuted for the public at the IAA next week - Frankfurt Motor Show 2009. The company said recently 'When sunlight hits the car, it sparkles like millions of silvery white diamonds infused inside the visible carbon fiber weave bodywork.Trevita is a Swedish abbreviation, it's translating like this: 'three whites'. Just 3 Trevitas Koenigsegg are being made, making it even rarer than CCXR Editions with 6 units.The statement affirmed 'The process was fully developed at Koenigsegg headquarters in Angelholm Sweden, where the fiber treatment is conducted ...
Tags: trevita, iaa, frankfurt, show, koenigsegg, ccxr, limited, special
Koenigsegg is raising capital for the acquisition of Saab
 Swedish sports carmaker Koenigsegg is raising funds to complete the Saab acquisition from General Motors, a move that is expected to occur as soon as next week. Swedish newspaper Dagens Industri yesterday wrote that the takeover will most likely proceed quickly and Koenigsegg won't need extra money from the local government.A source said 'Koenigsegg no longer needs any extra loan from the Swedish state but can handle the financing with the help of GM and new investors' .Christian von Koenigsegg – the CEO said last week in an interview that talks with Saab and the government in Sweden developed quickly, so the firm expects acquisition's ...
Tags: money, buy, koenigsegg, gm, saab, sweden
Koenigsegg CEO has great plans for Saab
 Koenigsegg - the brand new owner of Saab - the Swedish manufacturer, who really struggled coping with that recession, staying in business with not many price-cutting actions. Christian von Koenigsegg, the CEO says the future will be successful, great for Saab; the parent firm has 'huge plans' for the upcoming years.'From our perspective, it was actually quite fast. It was only about eight or nine weeks ago that we started getting into the details of Saab, and now we’ve reached so far to sign a Share Purchase Agreement' he affirmed in a fastestcar.com video interview.'We have great plans for the future of Saab. We’ll be ...
Tags: sweden, buy, koenigsegg, saab
GM and Koenigsegg Group Sign Stock Purchase Agreement for the Sale of Saab Automobile AB
 The deal is expected to close by year`s end and will secure Saab`s future The closing will be subject to funding agreements and other closing conditions Saab Automobile plans to exit reorganization shortly Zurich. General Motors Co. today confirmed it has signed a stock purchase agreement with Koenigsegg Group AB regarding the sale of 100% of the shares of Saab Automobile AB. The deal is expected to conclude in the next months and will then secure Saab`s future. Saab Automobile plans to exit legal reorganization shortly.The stock purchase agreement will be subject to agreed closing conditions. Conditions to close the sale include expected funding commitments ...
Tags: agreement, saab, gm, koenigsegg, group, purchase, stock-purchase-agreement
Saab-Koenigsegg deal in danger
 All the important news agencies report that a very important investor of Koenigsegg has sold his share of the company. This news comes after the reports that indicated the fact that the Swedish government has been investigating the investor base of the nice sports car brand Koenigsegg . Rumors even said that the Swedish government has found some problems with the company during their investigations. Mark Bishop, a North American business man, has sold his 22% stake in the Swedish sports car company Koenigsegg. A confidential source from inside the company has stated that ``A new owner has taken over his shares and the ...
Tags: saab, gm, koenigsegg, swedish, government, investor, sold, stake
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