Saab to be bought by Swedish company

Nepal News.Net
Sunday 14th June, 2009

The Saab brand may soon be out of the hands of General Motors after a small firm in Sweden, Koenigsegg, said it would put in an offer.

Koenigsegg has less than 50 employees.

Koenigsegg sells specialised supercars which are tuned to top 400km/h and are regarded as some of the world’s best turned out vehicles.

The two firms have already signed a letter of intent and financing has been put together by Swedish entrepreneurs.

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