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Confirmed: Koenigsegg Buys Saab for 3 Meatballs and a Case of Lutefisk

Posted in auto industry, Car Branding, Detroit, GM, Newsworthy, Saab by Alex Kierstein | June 16th, 2009 | Leave a Reply |


Well, it’s official. With $600 million in financing from the European Investment Bank, Koenigsegg has signed a memorandum of agreement with General Motors, essentially guaranteeing the sale. It’s a done deal, the champagne’s been popped, and we’re hoping the honeymoon goes smoothly, seeing as how Saab lost $384 million last year.

[Source: Forbes]

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