Koenigsegg and Norwegian Investors Sign Letter of Intent to Purchase Saab

Tom Ludwick

Swedish news sources reported today that automaker Koenigsegg and a group of Norwegian investors will purchase the struggling Saab brand from General Motors.

Naming anonymous sources, Sveriges Television (SVT) claimed "the buyers have signed a letter of intent to buy Saab." If true, final negotiations could commence immediately and run through the next month.

Saab has been operating under protection from creditors since February. Over the past few weeks, the Swedish automaker has narrowed down its list of potential buyers to two or three. Rumors have been circulating that Saab intends to officially announce a buyer by the end of this week.

Source: SVT and Reuters

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