Koenigsegg - egmCarTech

Saab dealers in the U.S. running out inventory

Posted: Nov 17, 2009

Filed under: GM, Industry News, Saab

Saab dealers in the United States are running out of inventory as the Swedish brand cuts production to save cash and prepare for its first new model in seven years.
“We have about 10 Saabs left, and they won’t last long,” said Ivan Goodwin, sales manager at Jim Ellis Saab in Atlanta. “It’s going to be [...]

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GM: Koenigsegg will close 81 Saab dealerships in the U.S.

Posted: Nov 12, 2009

Filed under: Industry News, Saab

When Saab is sold to Koenigsegg later this month, the new owner will reject 81 of the brand’s U.S. dealerships, General Motors Company said today. GM sent out a letter to dealers today that said Koenigsegg selected the surviving stores and that the Saab brand will become a new entity, Saab Cars North America Inc.
COO [...]

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Saab working on new concept car that will hint at future compact car

Posted: Nov 07, 2009

Filed under: Hybrids, Green News, Industry News, Saab

According to Saab’s Director of Global Operations Knut Simonsson, the Swedish automaker is working on a new concept car that will hint at a future small model for the brand.
“It’s going to be very important and will indicate what the Saab message is going to be,” Simonsson said.
The concept will make its debut within the [...]

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Sweden guarantees $600 million loan to Koenigsegg for Saab

Posted: Oct 09, 2009

Filed under: GM, Industry News, Saab

Swedish automaker Koenigsegg has secured what it needs to make Saab an all Sweden affair once again, courtesy of the Swedish government. The government of Sweden has guaranteed a $600 million dollar loan from the European Investment Bank, which is scheduled to make a final decision regarding the loan by the 21st of October.
A [...]

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China’s Beijing Automotive buys stake in Koenigsegg to help complete Saab purchase

Posted: Sep 09, 2009

Filed under: GM, Industry News, Saab

Just last month, Koenigsegg Group AB and General Motors Company signed a stock purchase agreement will give Koenigsegg 100 percent control of Saab. Koenigsegg announced today that China’s Beijing Automotive Industry Holdings Co. (BAIC) has signed a deal to take a stake in Koenigsegg to help finance the bid to take over Saab from GM.
“Under the [...]

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2010 Saab 9-5 will kick off a new era for the brand at Frankfurt

Posted: Aug 27, 2009

Filed under: 2010 Releases, Auto Shows, GM, Saab

Just last week, General Motors released a statement that it has reached a deal with Koenigsegg that will give the small Swedish supercar maker 100 percent control of Saab after “closing conditions” are agreed upon. The new 9-5 will play an important role in a product offensive that Koenigsegg plans to announce once its purchases the brand.
“This [...]

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GM, Koenigsegg sign stock purchasing agreement regarding Saab sale

Posted: Aug 18, 2009

Filed under: GM, Industry News, Saab

General Motors confirmed today that it has signed a conditional deal to sell its Saab brand to luxury supercar manufacturer Koenigsegg. The stock purchase agreement will give Koenigsegg 100 percent control of Saab after “closing conditions” are agreed upon.
Along with support and guarantees from the Swedish government , Saab will get assistance from GM since it is about [...]

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North American investor sells 22% stake in Koenigsegg, Saab deal will continue

Posted: Aug 11, 2009

Filed under: GM, Industry News, Saab

North American investor Mark Bishop sold 22 percent of his stake in Koenigsegg, the luxury supercar automaker that plans to take the Saab brand off of GM’s hands. According to Swedish business daily Dagens Industri, Bishop had the second-largest stake in the company.
“A new owner has taken over his shares and the negotiations between General Motors [...]

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Sweden has no clue how much Koenigsegg wants to invest in Saab

Posted: Jun 26, 2009

Filed under: GM, Industry News, Saab

Last week, Koenigsegg and General Motors reached a deal that give the Saab brand over to the small Swedish supercar manufacturer.
“The sale, expected to close by the end of the third quarter of this year, includes an expected $600 million funding commitment from the European Investment Bank (EIB) guaranteed by the Swedish government,” GM said [...]

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Saab 9-4X will be launched in 2011, 9-5 redesign coming in 2010

Posted: Jun 22, 2009

Filed under: GM, Industry News, Saab

GM’s sales of Saab to Swedish supercar manufacturer Koenigsegg is expected to be completed in the third-quarter of 2009. Under the new agreement, dealerships would continue selling vehicles under the new owner. However, Koenigsegg has the power to drop some dealerships as it sees fit, reports Automotive News.
“As part of the proposed transaction, GM will continue [...]