Not, it wont be China that buys Saab Automobile from General Motors if we are to believe a report on the Swedish TV-channel SVT's news program "Rapport". Instead, it is the tiny Swedish manufacturer of extreme sports cars - Koenigsegg - that buys the Swedish auto manufcturer.
Financing for the deal comes from investors in oil-rich Norway. The details are being worked out according to the report. Koenigsegg was founded in 1994 by Christian von Koenigsegg, a 36 year old Swedish entrepreneur. His custom made elegant cars are among the hottest things on four wheels you can buy.
Injecting Koenigsegg into Saab Automobile sounds far-off, almost whacky, but also very, very sexy, something Saab could use after having been part of big and boring GM.
Hans Sandberg
It Was 1974 and We Took the Bus to India
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I'm making my illustrated ebook available for free, May 2-6.
*"This story about traversing the Hippie Trail in the 70s is truly
mesmerizing and compelli...
3 days ago

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