Report: Koenigsegg is bidding for GM’s Saab

Posted: May 29, 2009
Filed under: GM, Industry News, Saab

Other than Ira Rennert’s Renco Group and Fiat, luxury supercar maker Koenigsegg is among the remaining bidders for General Motors’ Saab brand. According to Swedish business daily, Dagens Industri, Saab has narrowed down its list of suitors to three and hopes to have a deal finalized in the coming weeks.

“According to sources close to GM the toughest battle is expected between U.S. billionaire Ira Rennert and Swedish carmaker Koenigsegg,” the publication reported said.

The newspaper said that the Koenigsegg family is lining up financing consisting of a group of “very wealthy people.”

Saab is hoping to get an extension of its protection from creditors by Swedish court later today.

- By: Omar Rana

Source: Reuters

Related Posts:

  1. North American investor sells 22% stake in Koenigsegg, Saab deal will continue
  2. Sweden has no clue how much Koenigsegg wants to invest in Saab
  3. GM reaches preliminary deal to sell Saab to Koenigsegg
  4. Koenigsegg signs letter of intent to purchase Saab from GM
  5. Geely says it is not bidding for Saab or Volvo, says they are too expensive

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  • John
    Just give it back to the damn Swedes already.
  • Buddi
    Wrong Opinion! Saab ever builts better cars then all americans have tried to. Also the "saab" brand stands for quality products and not for cheapest plastic like in and out of standard american cars. It is the best way for Saab to come home to Europe. :-)
  • Its Going to be interesting,renco and Koenigsegg are the main competitors i feel so,I think Koenigsegg could make a decent go of making SAAB work.
  • Neil
    It would be very interesting to see a specialist builder like K-egg make mass produced cars like Saab
  • Neil
    and by "very wealthy people" I asssume they mean their current customers!

    Buy a Koenigsegg, get SAAB free!
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