| Vancouver Auto Chat 2016 VAC Community Head Moderator: Raid3n |
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11-24-2009, 03:18 PM
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#1
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Proud to be called a RS Regular!
Join Date: Dec 2007
Location: Vancouver
Posts: 144
Thanked 53 Times in 10 Posts
Failed 4 Times in 1 Post
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Saab/Koenigsegg Deal Falls Through
Quote:
It seems General Motors (GRM) isn't have any better luck at selling pieces of itself than it is at selling its cars and trucks. A deal struck by the Detroit-based company in June to sell its Saab unit fell apart Tuesday, according to news reports, threatening an end to the Swedish manufacturer of niche automobiles.
GM had hoped to seal the deal on the sale of Saab to a consortium led by Swedish luxury car builder Koenigsegg Group at the end of next month. But on Tuesday, Koenigsegg suddenly pulled out after it was unable to secure financing in time to close the deal.
"Time always played a critical factor in our strategy for reviving the company," founder Christian von Koenigsegg said in a statement. "Unfortunately, delays in closing this acquisition have resulted in risks and uncertainties that prevent us from successfully implementing the new Saab Automobile business plan."
GM expressed disappointment. In a written statement, GM Chief Executive Fritz Henderson said that given the sudden news, "We will take the next several days to assess the situation and will advise on the next steps next week."
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Source:
http://www.dailyfinance.com/2009/11/...uyer-pulls-ou/
This is disappointing, I was hoping for some more insane swedish cars 
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11-24-2009, 04:21 PM
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#2
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Banned (BBM)
Join Date: Jul 2004
Location: Vancouver
Posts: 16,142
Thanked 627 Times in 368 Posts
Failed 1,106 Times in 390 Posts
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no Koenigsegg for uuuuu
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11-24-2009, 04:25 PM
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#3
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Need to Seek Professional Help
Join Date: Sep 2009
Location: Richmond, BC
Posts: 1,017
Thanked 138 Times in 75 Posts
Failed 117 Times in 50 Posts
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11-24-2009, 04:30 PM
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#4
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My homepage has been set to RS
Join Date: Jun 2006
Location: Richmond
Posts: 2,345
Thanked 736 Times in 159 Posts
Failed 89 Times in 25 Posts
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damn, I was hoping some of that super car technology trickle down to an affordable saab...
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11-24-2009, 07:35 PM
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#5
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F**K YOUR HEAD
Join Date: Apr 2009
Location: vancouver
Posts: 8,719
Thanked 8,153 Times in 1,251 Posts
Failed 643 Times in 181 Posts
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apparantly the new richmond dueck was already building a seperate section to house the saab brand solely, wonder if that'll still happen now.
At this rate it might make more sense to kill off the brand :'(
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11-24-2009, 09:57 PM
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#6
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Hypa owned my ass at least once
Join Date: Jul 2004
Location: Vancouver
Posts: 6,592
Thanked 1,491 Times in 341 Posts
Failed 218 Times in 69 Posts
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NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOo the new 95 looks pretty decent tooo
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11-25-2009, 09:19 AM
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#7
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I answer every Emotion with an emoticon
Join Date: Dec 2003
Location: Langvista
Posts: 7,936
Thanked 73 Times in 19 Posts
Failed 2 Times in 2 Posts
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Bummer. That could have been some good bread and butter money for Koenigsoeniggseggswhatever, and a proper home again for my favourite Swedish sedans.
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