Skip advert
Advertisement

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

Skip advert
Advertisement

Recommended

Saab PhoeniX – dead on arrival
Saab PhoeniX
Features

Saab PhoeniX – dead on arrival

The Swedish brand’s failed 2010s revival meant we missed out on a 400bhp hybrid TT rival – and more
11 Jul 2024
Skip advert
Advertisement

Most Popular

Ford Focus ST (Mk3) – the car world's greatest misses
Ford Focus ST Mk3
Features

Ford Focus ST (Mk3) – the car world's greatest misses

We’d hoped the 2015 Focus ST would share a good dose of its little brother’s magic. Sadly, it didn’t
28 Apr 2025
The Ferrari 296 Speciale has arrived, and it could be the most thrilling Ferrari ever
Ferrari 296 Speciale – front
News

The Ferrari 296 Speciale has arrived, and it could be the most thrilling Ferrari ever

The 296 Speciale is the latest in Ferrari's line of mid-engined road racers, packing 868bhp and LaFerrari-beating pace on track
29 Apr 2025
Gordon Murray Automotive T.50 2025 review – the ultimate analogue hypercar
GMA T.50 front
Reviews

Gordon Murray Automotive T.50 2025 review – the ultimate analogue hypercar

The GMA T.50 is the car we thought would never come: Gordon Murray's sequel to the ultimate hypercar, the McLaren F1
26 Apr 2025