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Koenigsegg could buy Saab

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Koenigsegg could buy Saab

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The luxury Swedish carmaker Koenigsegg is reportedly close to buying Saab from its bankrupt parent company General Motors with money from Norwegian investors.

A source said a letter of intent has been signed between the parties and financing of the deal has been agreed, leaving only minor issues to be resolved. Saab would only say it is “in the final stages of negotiations” and targeting a sale by early July.