Saab edges closer to a new dawn...
Koenigsegg Automotive and General Motors have signed a stock purchase agreement that will see Koenigsegg take 100 percent of Saab shares off an increasingly streamlined GM's hands.
The takeover deal is not quite signed and sealed, however, as it remains contingent on a bank loan from the European Investment Bank which must in turn be guaranteed by the Swedish government.
"This contract is an important step in the journey to a potential deal" says Carl-Peter Forster, president of GM Europe. "Saab's great cars, its unique design, safety- and engine-technology, as well as its excellent brand image, combined with Koenigsegg Group's unique combination of innovation and entrepreneurial spirit, bode well for a successful future for the brand. We will continue to work with all parties to define the final details and ensure a fast closure of the deal, which we expect to take place in the next few months."
... in which the new 9-5 will figure strongly
Meanwhile rival Swedish car-maker Volvo is being eyed-up by Swedish firm Konsortium Jakob AB, according to local media reports.
The Volvo Truck Corporation - which sold the Volvo car business to Ford in 1998 - is even rumoured to be involved with the Jakob AB bid, but this has been officially denied.