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Koenigsegg closer to buying Saab


Koenigsegg closer to buying Saab


The money seems to be in place for the luxury sportscar maker Koenigsegg to buy Saab from General Motors.

A top government official – State Secretary Joran Hagglund – said they have received details of the revised Koenigsegg plan on how it will the finance the purchase with backing from US and Norwegian investors. The Stockholm government revealed that it has been told that there is now no need for any extra loan from the Swedish state on top of guarantees for funding from the European Investment Bank. Previously Koenigsegg had said it would need another almost 300 million euros in state aid. Hagglund said the government will look at the plan and decide how credible it is. The European Investment Bank will also examine Koenigsegg business plan for Saab before backing it.

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