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More About:  Koenigsegg Saab Sweden

GM Sells Saab to Tiny Swedish Custom Automaker

(AP) - Saab, the struggling Swedish company owned by GM, was rescued today by a consortium led by Koenigsegg Automotive AB, a tiny luxury automaker that produces only a dozen vehicles a year. GM said the sale would include an expected $600 million funding commitment from the European Investment Bank, guaranteed by... More »

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