The future of Saab was in doubt on Tuesday after a consortium led by Swedish niche carmaker Koenigsegg pulled out of talks to buy General Motors’ premium car brand. Koenigsegg blamed the move on delays in closing the deal after months of negotiations with the Swedish government over financial support. Fritz Henderson, GM chief executive, said the company was “disappointed” by Koenigsegg’s decision, and would advise on its further plans for Saab next week.

This entry was posted by Gwen Robinson on Wednesday, November 25th, 2009 at 4:35 and is filed under Capital markets, M&A. Tagged with gm, Koenigsegg, Saab. Edit this entry.