GM Picks Koenigsegg as Front-Runner for Saab
June 11, 2009
General Motors has chosen Swedish luxury sports-carmaker Koenigsegg Automotive AB as the
front-runner to buy its Swedish auto company, Saab, sources have told Bloomberg News
.
Bloomberg's source said Koenigsegg was chosen because it committed to invest in restructuring Saab and because it's a carmaker.
Other bidders included U.S. billionaire Ira Rennert's Renco Group Inc. and Merbanco Inc., a group of investors from Wyoming.
Posted by Michelle Krebs at 10:17 AM under Business , Companies , GM | Comments (0) | digg this | Seed Newsvine
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