Autromobile Makes and Models Koenigsegg

STOCKHOLM (AFP) -- While many in Sweden had hoped emblematic carmaker Saab could be sold to a new owner, General Motors' decision to close its money-losing brand was no surprise, Swedish editorialists agreed Saturday. GM said in a statement Friday it would wind down Saab Automobile after failing to reach agreement with Dutch sports car maker Spyker on a sale of the division, just three weeks after another luxury car maker, Koenigsegg of Sweden, withdrew its bid for Saab. "It is a tragic but nonetheless not totally unexpected announcement that Saab will now be wound down," Goeteborgs Posten said, while noting that Saab had ... Read Full Story

OSLO, Jun 13, 2009; Aasa Christine Stoltz writing for Reuters reported that tiny carmaker Koenigsegg is ready to take over General Motor's loss-making Saab unit, and says it has numerous good solutions to help get the company back on its feet, its major shareholder told daily Dagbladet. A source familiar with the talks told Reuters this week that General Motors is close to selling its Saab unit to Koenigsegg, and that it was backed by Norwegian investors. "We think it is possible (to rescue Saab) and we have several good solutions to bring into Saab," Baard Eker, who holds 49 percent of Koenigsegg, told ... Read Full Story

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WASHINGTON (AFP) -- General Motors said Tuesday it had received "expressions of interest" for its Swedish unit Saab since a planned sale fell through last month, and would evaluate potential bids before the end of December. The US automaker indicated it was continuing to seek a buyer for Saab after Swedish luxury carmaker Koenigsegg and a Chinese partner gave up a bid due to costly delays. But GM said it may end the nameplate if it fails to find a suitable buyer. "The GM board of directors has received expressions of interest in Saab since the conclusion of negotiations with Koenigsegg Group AB," a ... Read Full Story

U.S. markets edge higher Wednesday morning NEW YORK, Nov. 25 (UPI) -- U.S. markets rose marginally Wednesday morning after the U.S. Federal Reserve cautioned the economic recovery would remain slow. In meeting minutes released Tuesday, the Fed pointed to positive data in housing and manufacturing, but said credit remained tight and employment would likely be weak for an extended period. In late morning trading Wednesday, the Dow Jones industrial average added 15.50 points, 0.15 percent, to 10,449.21, up to 10,473.47 at noon. The Standard & Poor's 500 rose 0.15 percent, adding 1.67 points, to 1,107.32, up to 1,109.66 at noon. The Nasdaq composite index ... Read Full Story