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China’s Beijing Auto Backs Koenigsegg in Purchase of Saab
Koenigsegg’s bid to purchase GM’s Swedish Saab brand was contingent on the company securing additional funding, either through external investment or through loans. With the Swedish government not overly excited about bailing out Saab and after rejecting attempts by Volvo to secure assistance, Keonigsegg has looked to the private sector and overseas for an interested [...]
Saab releases details of its new 9-5 flagship
MUNICH — Saab today released details of its new 9-5 flagship, a car crucial to the brand’s success as an independent automaker under new ownership. Earlier this month, General Motors Co. reached a deal to sell Saab to Koenigsegg Group AB, a consortium of private investors that includes Koenigsegg Automotive AB, a tiny Swedish maker [...]
Volkswagen – Porsche merger now a done deal
In a time when mergers between automakers have become more and more frequent, arguably the biggest unification between two powerhouse car brands has finally been completed. Volkswagen, the current holder of ‘Europe’s largest automaker’ title, has now completed its merger with Porsche, with the tie-up resulting in an integrated auto group marked under the banner [...]
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