After finding buyers for its Hummer and Saturn brands, General Motors entered an agreement to sell its Saab division to Koenigsegg, a tiny maker of high-performance cars based in Sweden. The deal is tied to a $600m loan backed by the Swedish government. Koenigsegg’s claim to fame is building a car that reportedly picked up a speeding-ticket in America when it was clocked at 242mph
Friday, June 19, 2009
General Motors Sells Saab : Unstable Atom
After finding buyers for its Hummer and Saturn brands, General Motors entered an agreement to sell its Saab division to Koenigsegg, a tiny maker of high-performance cars based in Sweden. The deal is tied to a $600m loan backed by the Swedish government. Koenigsegg’s claim to fame is building a car that reportedly picked up a speeding-ticket in America when it was clocked at 242mph
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