| Sweden’s Koenigsegg to buy Saab from GM |
| Wednesday, June 17, 2009 |
Business Journal
Sweden’s Koenigsegg, the maker of luxury sportscars, has agreed to buy Saab from bankrupt General Motors Corp.
The deal, announced Tuesday, is expected to close by the end of the third quarter of 2009 and includes an expected $600 million funding commitment from the European Investment Bank (EIB) guaranteed by the Swedish government. Additional support is to be provided by GM and Koenigsegg Group AB to fund Saab’s operations and product program investments, according to statements from the companies.
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posted by citizen jerk @ 10:36 AM   |
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Good job. Wants more relevant post. Thanks.
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Good job. Wants more relevant post. Thanks.