Saab future under threat as buyer Koenigsegg drops out

By Chrissie Thompson, Automotive News

Detroit, Michigan — General Motors Co.’s deal to sell its Saab brand collapsed when the buyer pulled out in a move that threatens the Swedish luxury brand with closure.

GM had been aiming to close a deal by the end of next month to sell Saab to a partnership led by tiny Swedish supercar maker Koenigsegg Group AB and backed by China’s Beijing Automotive Industrial Holding Ltd.

“We’re obviously very disappointed with the decision to pull out of the Saab purchase,” GM CEO…

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