Extreme Sports Car Maker Koenigsegg Buys SAAB From GM

Posted: Jun 17 2009, 4:32am CDT | by , Updated: Aug 11 2010, 2:56pm CDT, in News | Cars & Vehicles


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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.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.




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