Could Saab die?

Saab could face closure as supercar maker Koenigsegg drops out of its planned purchase

Saab 9-5

Could Saab face closure? That’s certainly the fear its fans and employees face tonight, after the company’s prospective buyer, supercar-maker Koenigsegg, pulled out of its acquisition of its fellow Swedes. The confirmation comes from the seller, General Motors: ‘We're obviously very disappointed with the decision to pull out of the Saab purchase,’ said GM President and CEO, Fritz Henderson.  ‘Many have worked tirelessly over the past several months to create a sustainable plan for the future of Saab by selling the brand and its manufacturing interests to Koenigsegg Group AB. Given the sudden change in direction, we will take the next several days to assess the situation and will advise on the next steps next week.’ GM had previously suggested that a failure to find a buyer by the end of 2009 would lead to the closure of Saab. Whether the surprise of Koenigsegg’s decision leads to a stay of execution remains to be seen. We’ll keep you posted… Would you miss Saab? Or is this for the best? Go to the Forum…Follow evo on Twitter for the latest performance car news

Most Popular

Will synthetic fuel save the performance car? The manufacturers weigh in
R8 Filler cap
Porsche

Will synthetic fuel save the performance car? The manufacturers weigh in

Porsche claims a car running on eFuel will have the same CO2 footprint as an EV, and BMW, Audi, Aston Martin and McLaren all agree
24 Feb 2021
Volkswagen Golf GTI Clubsport 45 revealed – special edition marks 45 years of the GTI
Volkswagen Golf GTI Clubsport 45
Volkswagen Golf GTI Clubsport hatchback

Volkswagen Golf GTI Clubsport 45 revealed – special edition marks 45 years of the GTI

The Golf GTI Clubsport 45 features aesthetic tweaks to celebrate 45 years since the icon first hit the road
26 Feb 2021
2021 Mercedes C-class revealed – all-new 3-series rival to channel S-class luxury
2021 Mercedes C-class revealed - front tracking
Mercedes C-Class

2021 Mercedes C-class revealed – all-new 3-series rival to channel S-class luxury

New C-class to launch as four-cylinder only; AMGs expected to be the same
23 Feb 2021