I’ve written about this previously, but it’s nice to see it popping up again in the mainstream motoring media.
Turbin dropped this link in via email at lunchtime today but such is the busy-ness of things at the moment that I didn’t get to write about it until now. Many of you may have already come across the story.
Hilton Holloway from Autocar is reporting from his “unnamed sources in Sweden” that the Koenigsegg deal to purchase Saab from General Motors should be stitched up by the end of this month:
A binding agreement that will sell Saab to the Koenigsegg Group will be in place by the end of this month, according to sources in Sweden.
The move comes in the wake of General Motors’ rapid exit from bankruptcy. With that hurdle cleared, GM — the current owner of Saab — is now able to finalise the deal with Koenigsegg Group, a conglomerate of investors working with the owners of the Swedish supercar manufacturer Koenigsegg.
Note how Koenigsegg are no longer referred to in single terms, but always as a conglomerate of investors and always in strong terms. Remember those concerns we’ve all had about the financial backing of the group? Public Relations 101: You fit the language to address the questions. Holloways sources for this story are therefore quite close.
I suspect that for a few, the questions will remain, however.
The other part of the story is the movement of production bits and pieces for the new Saab 9-5. Saab are keen to get this transaction out of the way so that work can begin on fitting out the Trollhattan factory for 9-5 production.
Saab are planning for baseline worldwide sales of 45,000 units of the 9-5. This is the basis of their business case, but apparently the internal belief according to Autocar is that sales will be considerably stronger than that.
The Frankfurt Motor Show press days are the 15th and 16th of September. This is the first time the world can expect to see the new Saab 9-5 in the metal.