New Investment Secured in Saab Deal
The Koenigsegg Group, the consortium aiming to buy Swedish based Saab autos has found new investment to complete the deal according to the economic section of newspaper Dagens Nyheter.
Dagens Industri writes that according to a source close to the deal, the consortium no longer requires the Swedish state to provide extra funding to complete the buy-out.
Part of the new investment will come from current owners General Motors which the paper says will provide over 400 million dollars of funding.
Last month General Motors signed a binding agreement to sell Saab to the Swedish luxury carmaker Koenigsegg and its group of investors on the proviso that Koenigsegg could finance the deal.