GM's Saab Picks Koenigsegg As New Owner - Report
11 Juni 2009 - 6:03PM
Dow Jones News
General Motors Corp's (GM) Saab Automobile AB has signed a
letter of intent to be sold to Koenigsegg, a Swedish maker of
exclusive sports cars, Swedish television station SVT reported
Thursday.
Koenigsegg's purchase of Saab would be backed by Norwegian
investors, SVT reports, citing anonymous sources.
Final negotiations are expected to take months, SVT says.
A message requesting comment left with a Saab spokeswoman wasn't
immediately returned.
Company Web site: www.saab.com
-By Ola Kinnander, Dow Jones Newswires; +46-8-5451-3097;
ola.kinnander@dowjones.com