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- GM and Koenigsegg Come to an Agreement Over Saab Sale
- Breaking News: Saab Sell Falls Through, Brand to Wind Down
- Saab Aero X Could be Produced if Spyker Buys Saab
- Spyker Extends its Offer for Saab “Until Further Notice”
- GM Extends Saab Bid Deadline and Production Expected to Restart
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Koenigsegg on SAAB Sale
4th August 2009
General Motors officially announced today that it reached a preliminary agreement to sell its Saab division to a consortium led by Swedish sports car maker Koenigsegg. The deal that is 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, while GM said that it plans to support Saab’s new owner. General Motors did not provide any specific finance details on the sale.
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