Koenigsegg CCX

Koenigsegg CCX

A community portal about Koenigsegg CCX with blogs, videos, and photos. According to Wikipedia.org: The Koenigsegg CCX is the latest supercar from Koenigsegg. CCX is an abbreviation for Competition Coupe X. The X commemorates the 10th... [more]

A community portal about Koenigsegg CCX with blogs, videos, and photos. According to Wikipedia.org: The Koenigsegg CCX is the latest supercar from Koenigsegg. CCX is an abbreviation for Competition Coupe X. The X commemorates the 10th anniversary of the completion and test drive of the first CC vehicle in 1996. The CCX is intended to be more suitable for the U.S. market and thus engineered to comply with US regulations.

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GM has 'expressions of interest' for Saab unit

From:   www.afp.com
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 GM statement said. ... Read Full Story

"Stay tuned" on SAAB, Beijing Auto executive says

NANJING, China (Reuters) - Beijing Automotive Industry Holding Corp (BAIC) might still be interested in buying General Motors' Saab unit, Wang Dazong, the Chinese car company's general manager, said on Monday. Asked by reporters whether BAIC would consider approaching Saab as a solo buyer or only as a part of a consortium, Wang said: "I would just say, 'stay tuned a little bit'." Speaking on the sidelines of a China-European Union business summit, Wang said BAIC's strategy of going global was still in place. BAIC must decide its next move after a consortium of which it was a member, led by tiny Swedish luxury ... Read Full Story

Saab: New buyers emerge after Koenigsegg collapse

From:   www.ap.org
A spokeswoman for General Motors' Saab unit says several potential buyers have expressed interest in the Swedish brand after specialty car maker pulled out of a deal to acquire it. On Tuesday, a group led by Sweden's Koenigsegg Automotive AB dropped out of a deal to buy Saab that had been in the works since June. Saab spokeswoman Gunilla Gustavs says a few potential buyers have approached Saab after the deal fell through. She didn't identify the potential suitors Friday but said Saab was in close contact with more than one. A person briefed on GM's plans said Wednesday that it hasn't talked to ... Read Full Story

Swedish firm gives up bid for Saab

From:   www.afp.com
Swedish luxury carmaker Koenigsegg said Tuesday it was giving up its bid to buy Saab Automobile from its US parent General Motors due to costly delays, plunging Saab's future into doubt. "We regret that after six months of intense and goal-oriented work we have come to the painful and difficult conclusion that we are not going to be able to carry out the acquisition of Saab Automobile," the head of the company, Christian von Koenigsegg, said in a statement. Koenigsegg announced in September that it had teamed up with Beijing Automotive Industry Holding Co Ltd (BAIC) to buy Saab from GM. But it still ... Read Full Story

GM: 37 pct of US Saab dealerships to close

From:   www.ap.org
About 37 percent of U.S. Saab dealers will close as part of General Motors Corp.'s planned sale of the ailing Swedish car brand to Koenigsegg Group AB, a GM spokeswoman said Saturday. GM spokeswoman Ryndee Carney said the company had sent letters to 81 of the 218 U.S. Saab dealers notifying them they will be expected to terminate their dealerships when the sale closes around the end of November. The remaining 137 dealers will continue operating under Saab Cars North America, a newly formed company that will run the brand under Koenigsegg's ownership. All the U.S. Saab dealers had signed deferred termination agreements during ... Read Full Story
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REPORT: GM could sell some Saab assets to Chinese; brand has through year's...
Filed under: China, Plants/Manufacturing, GM, Saab, Earnings/Financials General Motors' Saab brand has been given a one month stay of execution as the Detroit, MI-based automaker has announced that it will hold off on a decision regarding the brand's fate until the end of the year. GM's apparent non-decision comes just one week after it announced that Swedish specialty car maker Koenigsegg unexpectedly pulled out of the running for Saab...  
From autoblog.com ()
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GM Will Study Saab Interest, Decide Future of Brand This Month
will review bids for its Saab brand and decide at month’s end whether to sell or kill the Swedish unit after Koenigsegg Group AB backed out on a purchase agreement last week. Parts of Saab may be sold to Beijing Automotive Industry Holding Co. ,  
From search.msn.com ()
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GM to phase out Saab without deal by year end
General Motors Co. said it will phase out its storied Swedish Saab brand if no deal is reached by the end of this month. GM's board met Tuesday to decide Saab's fate after a group led by Sweden's Koenigsegg Automotive AB dropped out of a deal last week to buy... GeneralMotors - Sweden - Koenigsegg - Saab - Makes and Models  
From sfgate.com ()
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GM Says Interest In Saab Exists, Brand Not Dead Yet
In the press conference where it was announced Mr. Fritz "No Badge Engineering" Henderson was resigning, GM also stated there were suitors for Saab despite the Koenigsegg deal falling through. The board will considering offers until the end of December.  
From jalopnik.com ()
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GM courts new buyers for Saab, closure remains possible
GM courts new buyers for Saab, closure remains possible General Motors has announced that since Koenigsegg Group walked away from purchasing its Saab, other organizations have expressed interest in purchasing the Swedish division. Should these potential suitors fail to complete a deal, GM will being a worldwide closing of Saab. GM recently went through a similar scenario when Penske...  
From consumerreports.org ()
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