Koenigsegg Could Save Saab, Says Co-Owner

With some sources claiming Koenigsegg has already sealed the deal with General Motors to take over Saab, the Swedish luxury sports carmaker is confident that it could save Saab and bring it back to profitability. Koenigsegg's co-owner Baard Eker said that he intends to take over Saab with the help of several investors, in accordance with a recent report by the Swedish TV who revealed that Koenigsegg and a group of Norwegian investors are favorite in the race for the ailing automaker.

Eker, who holds 49 percent in Koenigsegg through his company Eker Group, confirmed his interest in Saab and revealed that GM's now bankrupt automaker could have a bright future under his patronage.

"We think it is possible and we have several good solutions to bring with us into Saab," Eker said according to a report by AFP. "But I don't want to comment on the amount of money and who is involved," he said. "I want to make one thing clear. We are not buying Saab just to chop it up. That's not what we do."

Asked what would be the main two things that Saab would benefit from in case the deal goes through, Eker briefly stated: "Culture and technology. Saab needs to be more innovative." As for the restructuring plans, Koenigsegg's co-owner explained that doesn't intend to let "many people go" but some cuts might be applied anyway.

On the other hand, General Motors hasn't issued any comments so far, struggling to keep everything secret until the deal is completed. "We're not making any comment at this time. We continue to work towards a resolution for the sale of Saab," said GM Europe spokesman Chris Preuss.
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About the author: Bogdan Popa
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Bogdan keeps an eye on how technology is taking over the car world. His long-term goals are buying an 18-wheeler because he needs more space for his kid’s toys, and convincing Google and Apple that Android Auto and CarPlay deserve at least as much attention as their phones.
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