Sweden has no clue how much Koenigsegg wants to invest in 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 when it confirmed Koenigsegg as the new owner.

Now, Industry Minister Maud Olofsson told Reuters that the government has no idea how much Koenigsegg will be investing into Saab or if additional loan guarantees would be needed.

“We still don’t have any information about the amount of money they are willing to invest. And that is a key point. The other is the ability to lead the company,” Olofsson said.

So far we’ve heard that Koenigsegg would use Saab to bring the Quant EV to the roads and that Koenigsegg wants to give Saab its ‘soul’ back.

– By: Mo Eladawy

Source: Reuters