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After riding in on a white horse, Koenigsegg Group AB has pulled out of negotiations to buy Saab from General Motors, leaving the Swedish automaker’s future very much in doubt. In a brief statement issued by GM (available after the jump), president and CEO Fritz Henderson says that the company is “very disappointed with the decision to pull out of the Saab purchase.”
Q Full article, Source: AutoBlog
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To be honest, there have been points at which it felt like this new Saab 9-5 would never see the light of day. To say that the outgoing model had grown long in the tooth would be a colossal understatement, and in the hyper-competitive market that is the globe’s entry-level premium segment, the 9-5 had become something of a placeholder, playing second fiddle to the automaker’s newer, more dynamic 9-3.
Q Full article, Source: AutoBlog
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