Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

It's official: Koenigsegg buys SAAB!
www.thelocal.se ^ | 06/11/2009 | TT/The Local

Posted on 06/11/2009 3:11:48 PM PDT by WesternCulture

Sporty Swedish car maker Koenigsegg has teamed up with a group of Norwegian investors to buy Saab from General Motors, according to state broadcaster Sveriges Television's news show Rapport.

Koenigsegg has signed a declaration of intent with regard to the purchase, with more detailed negotiations set to continue over the coming months.

The sports car maker, based in Ängelholm in southwest Sweden, has secured the backing of Norwegian investors, according to Rapport.

Koenigsegg has long been named as one of the parties interested in snapping up the ailing Swedish auto giant.

Earlier on Thursday, the Swedish trade ministry indicated that a sale was near when it released a statement to the effect that negotiations could now begin over state guarantees for loans to Saab. The Swedish National Debt Office (Riksgälden) is to act on behalf on the Swedish state in opening loan negotiations with Saab Automobile in order to pave the way for lending from the European Investment Bank (EIB).

"We have always said that when Saab got a new owner Riksgälden would be given the task of negotiating loan guarantees, if such are required. Following today's decision we are well prepared for that," said state secretary Jöran Hägglund in a statement.

Koenigsegg was founded in 1994 by Swede Christian von Koenigsegg, 36.


TOPICS: Business/Economy
KEYWORDS: automakers; automotive; entrepreneurship; gm; koenigsegg; norway; saab; sweden

1 posted on 06/11/2009 3:11:48 PM PDT by WesternCulture
[ Post Reply | Private Reply | View Replies]

To: WesternCulture

Seems like “Saab” would be easier to pronounce ... and fit on the name badge on the cars ...

;)

j/k!!


2 posted on 06/11/2009 3:14:03 PM PDT by F15Eagle (1 John 5:4-5, 4:15, John 11:25, 14:6, 1 Tim 2:5, John 3:17-18, John 20:31, 1 John 5:13, John 6:69)
[ Post Reply | Private Reply | To 1 | View Replies]

To: WesternCulture
Christian von Koenigsegg is the name of a certain guy from Stockholm, Sweden, who refused to let go of his dream; to build the best sports car in Universe.

Once upon a time, this bold entrepreneur was ridiculed for making claims like disposing of a concept that could rival Ferrari and Lamborghini.

I wish him good luck, not only as a fellow countryman, but also as someone who refuses to believe the true spirit of entrepreneurship is a thing of the past.

The history of his company: http://www.worldcarfans.com/2060316.005/a-short-koenigsegg-history

3 posted on 06/11/2009 3:14:55 PM PDT by WesternCulture
[ Post Reply | Private Reply | To 1 | View Replies]

To: WesternCulture

The king’s egg? Is that what it means?


4 posted on 06/11/2009 3:15:21 PM PDT by lormand (Michael Wiener - faux Conservative for clapping seals and lemmings)
[ Post Reply | Private Reply | To 1 | View Replies]

To: F15Eagle
But no Saab has ever looked like this:


5 posted on 06/11/2009 3:17:53 PM PDT by ZirconEncrustedTweezers (Whoever coined the term "foolproof" underestimated the ingenuity and determination of fools.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: F15Eagle

“Seems like “Saab” would be easier to pronounce ... and fit on the name badge on the cars ...

;)

j/k!!”

- I’ve been to Llanfairpwllgwyngyllgogerychwyrndrobwllllantysiliogogogoch, Wales, in a SAAB.

I doubt the locals would’ve been much impressed if the name of our vehicle had happened to be “Koenigsegg”.


6 posted on 06/11/2009 3:19:20 PM PDT by WesternCulture
[ Post Reply | Private Reply | To 2 | View Replies]

To: ZirconEncrustedTweezers

Nice. I’ll take one in white with red or blue GT-40 stripes.

Will they take a check? From Nigeria? I’m expecting $35 million to help a guy out. I just have to give him my checking account number and SSN. Seems honest!


7 posted on 06/11/2009 3:19:41 PM PDT by F15Eagle (1 John 5:4-5, 4:15, John 11:25, 14:6, 1 Tim 2:5, John 3:17-18, John 20:31, 1 John 5:13, John 6:69)
[ Post Reply | Private Reply | To 5 | View Replies]

To: WesternCulture

“Llanfairpwllgwyngyllgogerychwyrndrobwllllantysiliogogogoch”

Holy cow. That’s gotta impact global warming ... somehow.

:)


8 posted on 06/11/2009 3:20:30 PM PDT by F15Eagle (1 John 5:4-5, 4:15, John 11:25, 14:6, 1 Tim 2:5, John 3:17-18, John 20:31, 1 John 5:13, John 6:69)
[ Post Reply | Private Reply | To 6 | View Replies]

To: WesternCulture

Koenigsegg CCX

9 posted on 06/11/2009 3:23:37 PM PDT by BlueNgold (... Feed the tree!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lormand

“The king’s egg? Is that what it means?”

- Let’s forget about ancient German nobility names for a while.

Please allow me to quote a certain YouTube poster (whom he/she ever might be) who wrote:

“I think Koenigsegg simply means “oh no my heads just exploded!””


10 posted on 06/11/2009 3:24:15 PM PDT by WesternCulture
[ Post Reply | Private Reply | To 4 | View Replies]

To: WesternCulture

Yes but the Chinese Commies are going to get Volvo from Ford!


11 posted on 06/11/2009 3:39:53 PM PDT by Incorrigible (If I lead, follow me; If I pause, push me; If I retreat, kill me.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Incorrigible

“Yes but the Chinese Commies are going to get Volvo from Ford!”

- Perhaps you’re right, but Volvo Cars is a far more profitable part of Ford than most other ones.

Why saw off a healthy branch of a tree?


12 posted on 06/11/2009 4:00:06 PM PDT by WesternCulture
[ Post Reply | Private Reply | To 11 | View Replies]

To: Incorrigible

Now that would be awful!


13 posted on 06/11/2009 4:00:32 PM PDT by Ernest_at_the_Beach (Support Geert Wilders)
[ Post Reply | Private Reply | To 11 | View Replies]

To: WesternCulture

Oh no! Not Koenigseggigseggisgigsegg!

http://www.youtube.com/watch?v=svxRpqeqFRY


14 posted on 06/11/2009 4:06:35 PM PDT by Renderofveils (My loathings are simple: stupidity, oppression, crime, cruelty, soft music. - Nabokov)
[ Post Reply | Private Reply | To 1 | View Replies]

To: F15Eagle

“Will they take a check? From Nigeria? I’m expecting $35 million to help a guy out. I just have to give him my checking account number and SSN. Seems honest!”

- I’m not well off, but my mother is (thanks to my grandtaher).

She often receives phone calls from Nigeria, The Bahamas and such places and never fails to give away her credit card numbers and other sorts of information.

Just to have something to whine about.

I love this planet.


15 posted on 06/11/2009 4:06:45 PM PDT by WesternCulture
[ Post Reply | Private Reply | To 7 | View Replies]

To: WesternCulture

Correction:

“grandtaher” = grandfather.

Minor spelling incident perhaps, but my grandfather was a very honorable man, therefore I bother.


16 posted on 06/11/2009 4:09:40 PM PDT by WesternCulture
[ Post Reply | Private Reply | To 15 | View Replies]

To: WesternCulture
Ive been to Llanfairpwllgwyngyllgogerychwyrndrobwllllantysiliogogogoch, Wales

Wow. Welsh must be a difficult language.

17 posted on 06/11/2009 4:52:13 PM PDT by Wilhelm Tell (True or False? This is not a tag line.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Wilhelm Tell

Only if you try to read it! I was brought up with Welsh being my second language. Hated my Welsh teacher as she was a Welsh Nationalist!


18 posted on 06/11/2009 4:55:11 PM PDT by Never2baCrat
[ Post Reply | Private Reply | To 17 | View Replies]

To: Wilhelm Tell; Never2baCrat

Although an Indo-European language, Welsh is difficult for most speakers of Germanic languages like German, English and Swedish.

I lived in Wales from 9 to 10, (an age most people learn langauges new to them pretty fast), but didn’t pick up any Welsh although I liked a lot of things about Wales and got along well with my classmates (although not my teachers and the headmaster - but in the end, they got what they deserved, believe me:)!)

English was a completely different story.

I recall the surprised expressions on the faces of the other kids on my first day in a British school upon asking me the Swedish words for “tree”, “pen”, “school” etc and finding out they where “träd”, “penna” and “skola” (pronounced less differently from English compared to the spelling).


19 posted on 06/11/2009 5:28:55 PM PDT by WesternCulture
[ Post Reply | Private Reply | To 17 | View Replies]

To: WesternCulture

Great news. I also see that Volvo is now a part owner since they own some shares of Koenigsegg.


20 posted on 06/16/2009 3:04:00 AM PDT by big'ol_freeper ([Advocate for] Mitt Romney[?], God help you, but you're on the wrong website ~ Jim Robinson)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ZirconEncrustedTweezers
Saab Aero X


21 posted on 06/16/2009 3:08:35 AM PDT by big'ol_freeper ([Advocate for] Mitt Romney[?], God help you, but you're on the wrong website ~ Jim Robinson)
[ Post Reply | Private Reply | To 5 | View Replies]

To: ZirconEncrustedTweezers; WesternCulture
First pictures of Koenigsegg and Saab vehicles side by side (news photos from today):


22 posted on 06/16/2009 12:31:59 PM PDT by big'ol_freeper ([Advocate for] Mitt Romney[?], God help you, but you're on the wrong website ~ Jim Robinson)
[ Post Reply | Private Reply | To 5 | View Replies]

To: big'ol_freeper

WANT!!!


23 posted on 06/16/2009 1:28:43 PM PDT by ZirconEncrustedTweezers (Whoever coined the term "foolproof" underestimated the ingenuity and determination of fools.)
[ Post Reply | Private Reply | To 22 | View Replies]

To: WesternCulture
I wonder if this new owner can confidently say their vehicles will get over 35 mpg??? I doubt it.
24 posted on 06/16/2009 2:57:36 PM PDT by antiunion person (The Obama administration is the same as a cosmic black hole.)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson