BREAKING: Swedish TV reports Koenigsegg buying Saab
by John Neff on Jun 11th 2009 at 11:32AM 
We don't have much to go on yet, but Swedish television is reportedly claiming that Koenigsegg, makers of ultra high-performance exotic supercars, and a group of Norwegian investors have signed a letter of intent with Saab to take over the brand from General Motors. Final negotiations will reportedly take place in the coming months.
Along with Saturn and Hummer, Saab was put up for sale by GM before the automaker filed for Chapter 11 bankruptcy. Many companies and investor groups from all over the world, including China, were reportedly interested in the Swedish brand, and despite how crazy it sounds, Koenigsegg was thrown into the list of finalists late last month. What we thought was crazy has reportedly come to pass.
Do you think Koenigsegg and Saab, two automotive brands that share a home country and sell completely different kinds of cars, will work well together? Let us know in the poll below and we'll keep you updated as the story unfolds.
[Source: Reuters, SVT (translated)]
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Reader Comments (Page 1 of 4)
hypermiler 11:34AM (6/11/2009)
Well, at least it is not the Chinese buying Saab....
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TyWright 11:55AM (6/11/2009)
This ruuuuules!!
Watch out for a sweet Swede combo.
Jake B 12:07PM (6/11/2009)
For REAL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I already know I will want whatever 9-3 they produce.
Frank 11:36AM (6/11/2009)
Good luck Saab! You've excaped the clutches of the evil empire.
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JZeke 11:38AM (6/11/2009)
Win!
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Jsams4131 11:39AM (6/11/2009)
I'm glad they are buying Saab and not letting it die...but does this mean that they will no longer be available in the US?
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TruthKid 11:52AM (6/12/2009)
I've never seen a Saab dealer incorporated into a GM dealer, so my guess is they get the Saab dealer network as well as the company.
Iwa 5:22PM (6/12/2009)
There are Saab dealerships that were integrated with GM dealerships. For instance, Massey Caddillac Saab of Orlando.
mole 11:18AM (6/13/2009)
SAAB is like a very distant cousin of the other Chevy brands. Except for sharing the not so good interior, I guess they don't have much in common. Even when GM filed for Chap 11, the GM overseas ops in Singapore mentioned about Opel and Chevy but not SAAB.
jon 11:41AM (6/11/2009)
Koeinigsaab!
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andre lavoie 11:43AM (6/11/2009)
Good, I was hoping Saab would find a new owner, and Koenigsegg to boot! I have faith that they will be able to turn Saab around (much more than in GM). On another note, could you imagine a Saab with a Koenigsegg V8 underhood... nah, it would never happen...
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Stingers 5:04PM (6/11/2009)
I'm sure plenty of people would be all over the Aero-X if they built it with that under the hood.
psijas73 11:54AM (6/11/2009)
Welcome back, swedish owned, hopefully increasingly quirky, turbocharged to death Saab!
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Alex 11:55AM (6/11/2009)
There is no other company more appropriate to take the reins at Saab than Koenigsegg. I truly hope they can bring the passion that the designers at Saab have into the cars that make it to market.
Not since the Viggen have i been interested in Saabs, this would change everything.
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Paul 1:16PM (6/11/2009)
Amen!
DJ 11:56AM (6/11/2009)
Personally, I think this great. Refocus Saab as a lower volume, high performance brand.
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Scott K. 11:56AM (6/11/2009)
This may be a great fit. Saab has always been best as a small(ish) niche automaker and without the baggage of GM, it's a good opportunity. Considering how unique Koenigsegg supercars are, I think this will give Saab the freedom to be Saab. I hope they stay in the US, because I'm interested in what they'll come up with in a few years.
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gpg 11:59AM (6/11/2009)
Great News. Bring out the new 9-5 & 9-5 SC as soon as possible. Refine the 9-3 line with diesel and hybrids for the USA and forge onward with a trully magnificent Aero-x (400 bhp, 450 Tq) and a 9-x Bio-Hybrid. Have owned saabs since 1987 and presently have a 1999 Viggen and 2008 9-5 SC in our carport. Fantastic vehicles to own and a joy to drive a 4-cyl, 2.3L turbo that can carry the kitchen sink
LCD T-V and recliner together.
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evilspoons 12:02PM (6/11/2009)
Awesome!
Now about securing Volvo's future... *crosses fingers*
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Fara 12:03PM (6/11/2009)
Wooo! Saab is completely swedish again. WE GOT OUR BRAND BACK!
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