Koenigsegg CEO says a deal is likely to be completed by the end of October
28 September 2009

Koenigsegg still hopes to complete its takeover of Saab from General Motors by the end of October, according to its CEO.

Christian von Koenigsegg said there had been great progress in securing Swedish state guarantees for loans from the European Investment Bank (EIB).

"Our deadline for the deal still remains the end of October as we have previously said,” said Koenigsegg.

His comments follow those of Norwegian businessman Bard Eker, who owns part of Koenigsegg through his holding company.

He told a Swedish magazine that the deal would fall through if the EIB loans hadn’t been secured by Wednesday.

“If everything is not in place before Wednesday we are out,” said Eker. “We give up.”

Twitter - follow autocar.co.ukSee all the latest Saab reviews, news and video

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • First Drive
    23 March 2018
    Fully-loaded, big-hitting diesel CLS shows the potential perils of ticking too many options boxes on your order form. A good car with a bad suspension combination.
  • BMW M5
    First Drive
    22 March 2018
    Super saloon deploys four-wheel drive to improve every facet of its driving experience. Faster and more capable than any, and more exciting than most, of its celebrated predecessors
  • Range Rover Sport SVR
    First Drive
    22 March 2018
    More power and an intoxicating soundtrack have breathed new life into our love affair with the biggest, baddest Range Rover Sport variant
  • First Drive
    21 March 2018
    The new Vantage has been developed as a Porsche 911 beater, and our first taste on UK roads suggests it can live up to that bold claim
  • Nissan Leaf Tekna
    The is the new Nissan Leaf
    First Drive
    21 March 2018
    The new version of the world's best-selling electric car gains a bigger battery and more power. How does it compare to rivals such as the Volkswagen e-Golf?