Sweden’s iconic Saab automotive brand is again facing an uncertain future with the news that Swedish supercar manufacturer Koenigsegg Group AB has terminated its agreement to buy the company from General Motors. The sale had been a key part of GM’s plan to recover from bankruptcy by unloading some of its brands.
“We’re obviously very disappointed with the decision to pull out of the Saab purchase,” GM CEO Fritz Henderson said today in a statement announcing Koenigsegg’s decision. “Given the sudden … Details
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