GM and Koenigsegg have announced that a deal has been finalized between the two over the sale of Saab. The deal involves a 100 percent sale of Saab to Koenigsegg by the end of the year. The final piece of the deal involves funding from the European Investment Bank in the amount of 4.3 billion kronor, which is dependent on the Swedish government. The exact price that Koenigsegg is paying for Saab has not been disclosed, but according to sources it is very low.

GM originally had a deadline of December 31st to find a buyer for Saab, but on December 18th GM announced that talks with Dutch luxury carmaker Spyker Cars had failed and the brand would be killed. Two days later Spyker submitted a new offer to buy Saab, which has yet to be decided upon. Spyker Cars Chief Executive Victor Muller has now stated that GM has extended the deadline until January 7th.

Saab spokesman Eric Geers said “We have the orders and we have to deliver them as usual. We also have the orders for the 9-3 and others. The factory has to continue again.” He also stated “We are preparing the wind-down process. At the same time we are open to options, to bids that come in. Therefore the deadline has also been dropped.”

If Saab does eventually die 3,400 workers in Sweden will lose their jobs.

Even though Saab has had a lot of financial troubles the past few months, which have severely effected production, Saab has announced plans for three new models. Saab has finalized its deals with China’s Youngman and Pang Da, which will help it produce the new models.

Saab’s new models in addition to the next 9-3, will be the Saab 9-1 , Saab 9-6X and Saab 9-7 . The Saab 9-1 will be a new entry level Saab, which may have been previewed by the 9-X Air BioHybrid Concept. The Saab 9-6X will be a new larger crossover that will go head to head with models like BMW’s X5. Lastly the Saab 9-7 will be a new flagship sedan.

For a brief time span, Saab’s official Chile website hosted a dedicated page on what appeared to be, the production version of the of the Swedish firm’s forthcoming compact SUV, the 2009 9-4X. We’re not sure if this was (we’re using past tense as the page has just been removed) a blooper from the behalf of the Chileans or if was originally intended to be seen only by company execs, but in any case, online visitors could color the 9-4X and view the SUV’s preliminary specifications that included the retail price which was set at U.S. $66,000.