Koenigsegg CCX ahead of a Saab that surely can out run it.
While most of the lifeboats hang in their davits, a few have splashed down and are rowing away from the sinking ship that is GM. Prudently offering Saturn, Saab and Hummer for sale, GM finally has a $600 Million bite on their lure.
Taking a government backed loan from the European Investment Bank, Koenigsegg Group AB is looking to share their entrepreneurial talent and money with Saab. Purchasing Saab is not only is a great step up for the small Swedish manufacturer, but also another revenue stream for the niche builder. Saab has a long, rich history, and under the right management should prove to be quite a profitable addition.
Part of the deal is maintaining Saab’s access to the GM parts bin. Although the time frame hasn’t currently been released, it should remain open for some time. With a few new platforms ready to charge out of the gates in the next few years, being able to cherry pick proven parts will help ease the transition before they sever ties.
While there have been talks and speculation about who was going to purchase Saab, nobody thought Koenigsegg was serious enough to go through with it. As a small company (and built around their founders personal wealth), Koenigsegg has done very well for themselves, but Saab is quite a bite to chew. While breaking news and updates will be coming, the deal won’t be fully closed till the end of the third quarter of this year, so expect the full details to emerge sometime in September.
We’re pleased to see Saab back under Swedish ownership, and we hope to see many new and interesting cars come out of Sweden, like a 900 HP Saab 9-3 with dihedral synchro-helix doors.
-KF