Thursday, December 23, 2010

Koenigsegg Reported to Have Agreed to Buy SAAB, Officials Says No Comment

Citing anonymous sources, Sveriges Television AB, or SVT for short, reported on its website that Swedish sports car maker Koenigsegg has agreed to buy GM's loss-making premium brand, Saab. "The buyers have signed a letter of intent to buy Saab. Final negotiations on the details of the deal will continue over the next few months," SVT said on its website. However, Saab spokeswoman Gunilla Gustavs told CNN that the report by the Swedish television station is "speculation from other channels, and I can't comment on speculation." We'll keep a close on the story and inform you for any new developments.

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