GENERAL MOTORS has officially announced that it will sell 100 percent of Saab shares to a consortium lead by Swedish supercar manufacturer Koenigsegg.

The deal still hinges on a hefty loan from the European Investment Bank which must be guaranteed by the Swedish Government, but should the loan be approved Saab will be well on [...]

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NEWS CAME THROUGH late last month that Swedish supercar company Koenigsegg had been announced as a front-runner in the race to buy Saab from GM. Today, General Motors has announced that the Swedish supercar maker has been successful in its bid.

A letter of intent has now been signed by GM and Koenigsegg, and the [...]

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WITH THE SALE of Saab moving closer to completion, and a private consortium led by Swedish supercar manufacturer Koenigsegg looking likely to be the new owners, the question has been asked: just what does Koenigsegg stand to gain from the acquisition?

Reports have surfaced in Sweden today that, according to sources close to the matter, [...]

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