Word: koenigsegg
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...Swedish subsidiary Saab has fallen apart, jeopardizing the division's future, which had grown increasingly tenuous over the years as its American owner slid into insolvency and bankruptcy. Saab was tentatively scheduled to begin operating as an independent company starting Jan. 1, 2009, once GM's sale to Koenigsegg Group AB, a Swedish maker of exotic vehicles, had closed. (See pictures: "GM's Eight Great Hopes...
...Fritz Henderson said the Detroit automaker was shocked and dismayed by Koenigsegg Group AB's decision to back out of the deal. "We're obviously very disappointed with the decision to pull out of the Saab purchase," Henderson said. "Given the sudden change in direction, we will take the next several days to assess the situation and will advise on the next steps next week...
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