Saab has become the latest manufacturer to fall victim to the unpredictable motor industry. A statement, issued by General Motors has revealed that Koenigsegg Group AB has pulled out of the deal to buy fellow Swedish car maker, Saab.
General Motors revealed that they are "very disappointed with the decision to pull out of the Saab purchase", but offered no explanation for why the deal fell through.
GM are insisting that not all is lost for the Saab brand, with company president and CEO Fritz Henderson claiming they will "take the next several days to assess the situation and will advise on the next steps next week."
One possibility is that other buyers, who expressed an interest before Koenigsegg, may again step up to complete a takeover. For more details click here.
Thanks to: Auto Express