Planned deal between General Motors Co. и Koenigsegg Group AB , a Swedish sports car manufacturer, selling businesses Saab will not take place informs The New York Times. Next week the fate of the Swedish branch General Motors will be finally resolved and the prospect of closing the brand has become increasingly likely Saab and declaring it bankrupt, such plans had been hatched for a long time in case a buyer could not be found. (Similarly, the demise of the brand was announced in September Saturn after canceling a deal Penske Automotive .)
Representatives Koenigsegg, who in June gave their consent to acquire Saab , explain their decision with the time factor, citing the fact that delays and delays in the sales process lead to increased risks and reduce the likelihood of a successful implementation of the brand development plan. More than vague explanations leave inaccessible to us the true reasons for the termination of the agreements. Perhaps due to the inability of the two sides to come to an agreement, another great brand will become history.
