Koenigsegg buys Saab, brings Quant electric car to life

Everyone was surprised when Koenigsegg, a Swedish car company specializing in the production of super cars, was the leading bidder for the sale of Saab, a struggling car company at present time due to the global economic crisis. Specialists, enthusiasts, and spectators alike could fathom the logic behind Koenigsegg’s desire to take over a mainstream brand when it has been creating supercars year after year without problems.

Last week, the story of Koenigsegg’s plan to buy Saab got more and more interesting when it has been reported that Koenigsegg and General Motors have already signed a memorandum of agreement regarding Saab’s sale. Moreover, Baard Eker, the co-owner of Koenigsegg said in an official statement that the Swedish car company has a number of solutions planned and they have what it takes to save Saab from bankruptcy.

The Swedish news company Realtid, reported that taking over Saab would enable Koenigsegg to bring their electric concept car Quant to reality. Saab’s facilities would allow Koenigsegg to produce electric cars, such as the Quant electric car concept and many more.

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Saab off to Koenigsegg’s Garage

The tale of Saab may come to a close with a three way agreement through a letter of intent between General Motors, Koenigsegg, and a group of investors from Norway.

GM disclosed that it will no longer call the shots for Saab and the Swedish car manufacturer will be an independent entity by January 2010.

The announcement of the sale may come before the end of the month, considering the plans of the car maker to write off some debt and be on the positive side of the scale by 2011. Final negotiations might be taking place but final details are still being ironed out according to insiders.

According to the Saab spokesperson, there were three firms that are still showing interest for the company and the sale will push through despite of the filing of Chapter 11. Those remaining on the negotiating table are Swedish car maker Koenigsegg, Wyoming investor group Merbanco, and the Renco Group of Ira Rennert. The bidders’ number was trimmed down from a list of 20.

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Saab’s Most Popular Car Models

The proud owners of SAAB cars are a famous lot. They are renowned all over the world for their passion for Swedish cars that have been manufactured by an organization that basically was an Aeroplane manufacturing company. Though people might now know about this fact, they do know that the cars manufactured by SAAB are famous all over the world for their safety and also for their build. There are certain innovative features that have been introduced to the car industry by SAAB and this makes them even more famous. Those who have checked out this history of this Swedish car manufacturing organization and are interested in purchasing one for themselves often ask about the different models that are manufactured by this Swedish company.

They should know that there are quite a number of models that they can go in for and here are a few of the most popular ones. Saab 9-3 2.0t Linear, Saab 9-3 2.0t BioPower Linear, Saab 9-3 2.0t Linear Sport, Saab 9-3 1.9TiD Linear, Saab 9-3 2.0t Linear Sentronic, Saab 9-3 2.0t BioPower Linear Sport, Saab 9-3 2.0t BioPower Linear Sentronic, Saab 9-3 2.0t Vector, Saab 9-3 1.9TiD Linear Sport, Saab 9-3 2.0t Linear Sport Sentronic, Saab 9-3 1.9TiD Linear Sentronic, Saab 9-3 2.0T BioPower Vector, Saab 9-3 2.0t BioPower Linear Sport Sentronic, Saab 9-3 2.0t Vector Sentronic, Saab 9-3 1.9TiD Vector, Saab 9-3 1.9TiD Linear Sport Sentronic, Saab 9-3 2.0T BioPower Vector Sentronic, Saab 9-3 2.0T Vector, Saab 9-3 1.9TiD Vector Sentronic and Saab 9-3 2.0T Vector Sentronic

SAAB in search for 5 potential bidders; Chinese company renounce interest

Swedish car manufacturer Saab is still on the search to find a new owner for their brand within two months.

According to Jan-Ake Jonsson, Managing director of the car company said that they have five potential bidders that they want to negotiate with. They already have some serious talks regarding the offer but Saab didn’t specify which bidder is in much interest on buying Saab.

Geely Automobile and Dongfeng Motor Group of China renounce their interest in SAAB, after some sources reported to Reuters that the mentioned Chinese companies are included in the list of the potential bidders. An executive of Geely said that the company did not hold any talks regarding buying the Saab car brand and Geely is not interested in taking or buying foreign brands. Meanwhile, reports are circulating that Geely is in preliminary negotiations with Ford Motor Co. about the sale of Ford’s Volvo vehicle unit, though reports again stated that Geely has no plans of buying the Volvo.

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Saab’s 9-3X Crossover to Bow at Geneva Motor Show

Saab will introduce to the public the 2010 9-3X next month during the Geneva Motor Show. The new unit hopes to answer the demand of the market for right sized vehicles that can provide the space and the performance off road.

The designers of the car manufacturer tweaked the 9-3 Sportcombi and raised the ride by 1.4 inches. The wagon was further pimped by giving it an XWD system that enables it to maximize the power of its four wheels in addition to the facelift of the chassis.

The 9-3 crossover will be a perfect option for individuals and families who are trying to avoid the large crossover and SUV niches. The company blends function and performance to make it an ideal vehicle for the consumers on the go.

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Saab Still Under Strategic Review, Potential Buyers Show No Interest

General Motors admits that they are having a hard time selling the Swedish brand Saab. The brand is now under “strategic review” when the car manufacturer submitted a report to the U.S. Congress in search for a long term plan to save its future.

GM has not really disclosed that they are selling the Saab brand but has quietly looked for potential buyers. The term strategic review pertains to the act of the corporation to scan the market for potential interested parties.

The market’s lack of interest on Saab makes it the second brand that GM fails to shed as it goes through mergers and acquisitions. GM also failed to sell Hummer which was under review since the first half of 2007.

The administration of President George W. Bush promised a $13.4 billion package for the car manufacturer. As part of its plan to save majority of its business, GM is looking at trimming the Pontiac brand and explore what the future holds for Saturn.

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Saab to Create Splash with New 9-3 Convertible

Twenty five years ago, Saab entered the soft top convertible market with the 9-3 convertible. A commemorative Special Edition Saab 9-3 will be released in the market come the Los Angeles Auto Show. The 25th anniversary version will be released in Bright Champagne, Carbon Gray, and Jet Black.

The Special Edition 9-3 will have a 2.0L engine which has a 210 horse power output. The sporting car will be available with a 5 speed automatic or 6 speed manual transmission variants. It can race from 0-100 km/hr in a matter of 6.4 seconds. The top speed of the 9-3 is at 260 km/hr.

The architecture of this convertible takes some lines from the Turbo X as evident from its front bumper and steering wheel. It also features a dual exhaust and anthracite bumper. The car will catch eyes with the 17-inch, 5-spoke alloy installed.

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Saab’s Reputation for making Safe Cars

The owners of SAAB cars are the happiest people in the world. They are happy because they are enjoying the best of both worlds. On one hand they are the proud owner of one of the best car that is available in the world, they also know that the car that they own is renowned all over the world for its safety features. Ask any car lover and they will keep on telling you how safe these SAAB cars are.

These cars, manufactured by a Swedish Aeroplane manufacturing company attract some of the lowest premium charges when it comes to car insurance. The insurance companies charge premiums not just considering the cost of the car. They also keep into account the build of the car and its safety features. They know that in the event of a misfortune, the SAAB cares are most likely to come out the winners.

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History of SAAB Cars

It is amazing to know that you have not heard about SAAB cars. There are few people who own cars and do not know about its history. But then there are proud owners of world famous brands who are more interested in just driving their cars and taking care of it. They do not spend a few moments of their life in trying to find out more about the history of their car. They never bother to check whom are the people who have struggled hard to give them the comfortable car that they are driving at this moment.

Owners of the SAAB car are a proud lot and if you are the lucky owner of one such car than you should know a bit about the history of the SAAB car. This will help you a lot and if and when your friends and colleagues ask you about the details of your SAAB car you shall be able to answer them confidently. You shall find no problems is fending off their queries easily if you know that the SAAB car is manufactured in Sweden and that it is manufactured by Saab Automobile AB which is wholly-owned subsidiary of the famous American company, General Motors.

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