Swedish Sports Car maker Koenigsegg is known for their 1,000hp beasts that sell beyond a million Euro. The small company is making a big and risky step now buying ailing SAAB from GM.
It is not known what a Koenigsegg - Saab marriage will look like. I do not expect to see 1,000hp Saab cars.
The car industry needs to change dramatically to get out of their current crisis. Companies like Tesla Motors and Fisker show the way.
Via Reuters. See also the Koenigsegg site.
Don't Miss: Nintendo Switch: Everything You Need To Know