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Koenigsegg Set To Acquire Saab Swedish supercar manufacturer Koenigsegg will move to purchase struggling General Motors brand Saab in a joint offer with Norwegian investors. Speaking to the Financial Times, sources say a deal should close early this summer and marks GM's third ...
It also plans to cut ties with another 470 Saturn, Hummer and Saab dealers. This announcement comes a day after bankrupt Chrysler said it would eliminate a quarter of its 1900 dealerships. Closures announced by GM also represent currently one quarter ...
GM To Sell Opel, Report The carmaker is also said to be considering selling for nothing its Swedish brand Saab, which filed for creditor protection in February. The US government has given GM until 1 June to come up with an aggressive restructuring plan.
Saab Gets More Time To Restructure A Swedish court has given carmaker Saab, owned by General Motors, more time to restructure in bankruptcy, as it seeks to find an investor. Saab, which filed for creditor protection on 20 February, can now continue to reorganise until 20 May, ...