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| Version 0 | Version 1 |
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| GM agrees Saab sale to Koenigsegg | GM agrees Saab sale to Koenigsegg |
| (10 minutes later) | |
| General Motors has reached a tentative agreement to sell Saab to the Swedish sports car manufacturer Koenigsegg. | General Motors has reached a tentative agreement to sell Saab to the Swedish sports car manufacturer Koenigsegg. |
| GM said that as part of the deal there would be $600m (£367m) of funding from the European Investment Bank (EIB), guaranteed by the Swedish government. | GM said that as part of the deal there would be $600m (£367m) of funding from the European Investment Bank (EIB), guaranteed by the Swedish government. |
| It is the latest part of GM's reorganisation, which is also set to see the Opel and Vauxhall brands going to Canada's Magna. | It is the latest part of GM's reorganisation, which is also set to see the Opel and Vauxhall brands going to Canada's Magna. |
| Saab filed for reorganisation under Swedish law on 20 February. | Saab filed for reorganisation under Swedish law on 20 February. |
| Koenigsegg produces 18 cars a year and employs 45 people and there has been some doubt as to whether it has the expertise to run Saab. | |
| But GM Europe's president Carl-Peter Forster said: "Koenigsegg Group's unique combination of innovation, entrepreneurial spirit and financial strength... made it the right choice for Saab as well as for General Motors". | |
| The statement from GM did not say how much is being paid for the unit. | |
| GM said it would continue to provide technology to Saab "during a defined time period". |