SAAB Sold to Koenigsegg
General Motors Corp. and Koenigsegg Group AB, a consortium led by Koenigsegg Automotive AB, confirmed the details of a memorandum of understanding for the purchase of Saab Automobile AB that secures Saab’s future. The sale, expected to close by the end of the third quarter of this year, includes an expected 0 million funding commitment from the European Investment Bank (EIB) guaranteed by the Swedish government. Additional support is to be provided by GM and Koenigsegg Group AB to fund …