First Hummer, then Saturn, now Saab — GM seems to have found a buyer for their Saab brand in Swedish supercar maker Koenigsegg who has banded together with a group of Norweigen investors.
GM says that while Saab had several potential buyers Koenigsegg made the best overall offer. Unforunately there were no details on how much the deal will go down for but we do know that it will happen sometime before the end of the suimmer.
According to KickingTires, Saab hasn’t turned a profit for GM since they bought a stake in it back in 1990. Worse yet, sales peaked at 133,000 so it’s really no wonder that GM would want to sell off the brand.
Tags: economy, GM, koenigsegg, recession, Saab, Sale, Sweden
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[...] if you’ve been paying attention you’ll know that the exotic automaker has recently purchased the troubled Saab from the even more troubled [...]