volvo saab


REPORT: Volvo owns (small) stake in Koenigsegg, could own part of Saab

In a weird twist of fate, if Koenigsegg completes the purchase of Saab from General Motors, Volvo will also become a small stakeholder in its native rival. Koenigsegg, which has reportedly signed a letter of intent with GM to acquire Saab, gave Volvo 3,750 shares back in 2000 to pay for the use of its wind tunnel. Volvo's stake in the exotic carmaker is very small, worth only about 8,000 Swedish kronor (€760 or $1,022 USD according to current exchange rates). Nevertheless, Volvo is on the books as part owner of Koenigsegg, and if the ... Read more →

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Autoblog Podcast #152: Paukert Enhanced!

Eddie Alterman wades in with Sam, Chris, Dan, and Jonny to talk about SEMA and other recent events.

 
 

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