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

Honda Civic Type R for £5k off – save 10 per cent on the ultimate hot hatch
Honda Civic Type R deal
News

Honda Civic Type R for £5k off – save 10 per cent on the ultimate hot hatch

The Civic Type R is not long for this world and there are deals to be had on Honda’s pricey but near-perfect hot hatch
26 Jun 2025
Can Lotus survive its latest crisis?
Lotus factory
Opinion

Can Lotus survive its latest crisis?

Lotus’s latest troubles are grabbing headlines, but the writing’s been on the wall for some time.
28 Jun 2025
Iconic cars of the 1990s driven, from Renault Clio 16v to Ferrari 355 – car pictures of the week
evo eras 1990s
Features

Iconic cars of the 1990s driven, from Renault Clio 16v to Ferrari 355 – car pictures of the week

In the latest issue of evo magazine, we go back to the 1990s on the finest Welsh roads with a selection of iconic youngtimers
27 Jun 2025