Koenigsegg, which hopes to wrap up its purchase of Saab soon, says it won’t ask the Swedish government for any loan beyond the money it has been guaranteed by the European Investment Bank.
“They have presented us with a plan … we will look at it from our side and decide how credible it is,” State Secretary Joran Hagglund told Reuters in an interview. “As I understand it, they will present information on the matter in the coming days.”
Koenigsegg has reportedly secured an additional $420 million on top of the EIB loan. During and interview with Swedish radio, Hagglund did not reveal where that missing funding would come from. No new investors in Koenigsegg have been registered in Sweden – and the company lost the funding of its American investor, Mark Bishop.
The supercar maker says it hopes to have Saab acquired from current owner General Motors by the end of September.
09/07, 11:30 AM
posted by:
A4
They’re getting the company for a bunch of pennies anyway, aren’t they?
09/07, 11:38 AM
posted by:
elviososa
they don’t want to dig the hole too deep!
09/07, 12:11 PM
posted by:
johnnycanuck
Good for them. Enough people have already been burned taking out loans on a Saab.
09/07, 12:20 PM
posted by:
Bosley
Sounds like Koenigsegg’s 1st step in producing other less-expensive cars. The same thing that Bugatti needs to start considering maybe. Expansion of lineup into less expensive sports cars at first and then go from there? They should have a large European following, and might even introduce some sportier Saab’s into the fray.
09/07, 12:33 PM
posted by:
SomeGreek
Bugatti already has less expensive cars. They’re called Lamborgini and Porsche.
09/07, 3:07 PM
posted by:
Go Saab
****ing A!
09/07, 3:09 PM
posted by:
l.sanchez
Twin supercharge that new 9-5!!
09/07, 7:09 PM
posted by:
A4
Don’t forget Bentley, SomeGreek.
09/07, 8:41 PM
posted by:
Blakkarr
The hardest thing for a maker of super expensive cars to do is make less expensive cars, even as a totally separate line. But Koenigsegg is not a huge name in the world despite making some of the most crazy good, almost over-engineered, and under-rated, supercars in the world.
But I have my doubts that company that makes variations of only ONE car has the where-with-all to command a multi product car maker with a comparatively very low price point ($40K tops vs $400K to start).
It could be interesting and I do hope that SAAB is successful in the hands of a fellow Swede.
09/08, 1:15 AM
posted by:
Insideall
Let’s hope that they make the Saabs sportier and more luxurious and get a more appealing design underway. I like the brand a lot, and it’s a brand for intelligent, individualist professionals, but you simply look silly driving one when Audi and BMW make the better and better looking cars.
09/08, 6:07 AM
posted by:
peter g
It could go both ways…Somehow I hope we’ll se the $500.000 1000 hp 9-5…