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Koenigsegg and Saab

Saab Deal almost Financed: Jonsson

Published torsdag 3 september 2009 kl 19.03
Jonsson

The takeover of Swedish auto brand Saab by Swedish luxury car manufacturer Koenigsegg is almost entirely financed and will be completed by the end of October, Saab CEO Jan-Åke Jonsson said Thursday.

Speaking in Södertälje, south of Stockholm, Jonsson expressed his confidence that the deal between the Koenigsegg group and current Saab-owner General Motors will be settled in the coming weeks.

Jonsson refused though to give any details about how much money the takeover deal lacks at present, but he mentioned there were investors interested in joining the business and willing to support it financially.

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