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 to provide Saab with architecture and powertrain technology during a defined time period,” GM said when it confirmed Saab’s sale to Koenigsegg. “Additionally, Saab plans to produce its next generation 9-5 models in the Saab production facility in TrollhÃ¤ttan, Sweden.”
According to Steven Shannon, GM’s executive director of product and marketing for Cadillac Hummer, and Saab, the 9-4X will be launched in the 2011 model year and will replace the 9-7X.
Saab is also planning to continue the much-anticipated 9-3 model and the redesign to the 9-5 due out in 2010.
– By: Mo Eladawy