{"id":14664,"date":"2009-06-16T07:57:06","date_gmt":"2009-06-16T14:57:06","guid":{"rendered":"http:\/\/www.stokednews.com\/?p=14664"},"modified":"2009-06-16T07:57:06","modified_gmt":"2009-06-16T14:57:06","slug":"automobile-gm-to-sell-swedish-unit-saab-to-koenigsegg","status":"publish","type":"post","link":"http:\/\/www.stokednews.com\/?p=14664","title":{"rendered":"Automobile &#8211; GM to sell Swedish unit Saab to Koenigsegg"},"content":{"rendered":"<p style=\"text-align: left;\">STOCKHOLM \u00e2\u20ac\u201c Saab Automobile, General Motors Corp.&#8217;s struggling Swedish unit known for its family cars, was rescued Tuesday by a consortium led by Koenigsegg Automotive AB, a tiny company that produces only a dozen custom-made super cars a year.<\/p>\n<p style=\"text-align: left;\">Having penned a memorandum of understanding, GM said the sale would include an expected $600 million funding commitment from the European Investment Bank, guaranteed by the Swedish government. Additional funding for Saab&#8217;s operations and investments would be provided by GM and the Koenigsegg Group AB consortium, it said.<\/p>\n<p style=\"text-align: left;\">&#8220;This is yet another significant step in the reinvention of GM and its European operations,&#8221; GM Europe President, Carl-Peter Forster, said in a statement.<\/p>\n<p style=\"text-align: left;\">A person briefed on the deal said &#8230;\u00c2\u00a0 <a href=\"http:\/\/news.yahoo.com\/s\/ap\/20090616\/ap_on_bi_ge\/eu_sweden_saab_sale_9\" target=\"_blank\">Details<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>STOCKHOLM \u00e2\u20ac\u201c Saab Automobile, General Motors Corp.&#8217;s struggling Swedish unit known for its family cars, was rescued Tuesday by a consortium led by Koenigsegg Automotive AB, a tiny company that produces only a dozen custom-made super cars a year. Having penned a memorandum of understanding, GM said the sale would include an expected $600 million [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[66,7],"tags":[],"class_list":["post-14664","post","type-post","status-publish","format-standard","hentry","category-auto-misc","category-automobile"],"_links":{"self":[{"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/posts\/14664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14664"}],"version-history":[{"count":2,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/posts\/14664\/revisions"}],"predecessor-version":[{"id":14666,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/posts\/14664\/revisions\/14666"}],"wp:attachment":[{"href":"http:\/\/www.stokednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14664"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}