Bad news for Saab fans today. Koenigsegg, like Penske with Saturn, backed out of the deal, leaving GM with another brand it doesn't want.
Perhaps Geely will look at it, since it is rumored that they are leading the bidders for Volvo.
A great place to go for Saab discussion is Saabs United, the home of Steve Wade, the definitive Saab Blogger, who formerly blogged at Trollhattan Saab. Swade thinks GM will probably try to sell to another buyer, because they have a lot invested in Saab, and can use the cash.
The dismantling of GM sure is ugly.
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