Swedish govt receives new Saab financing plans

• Source: Gasgoo.com
• [08:44 September 09 2009]
• Comments

Koenigsegg Chairman Augie Fabela was quoted as saying that the group also needed an additional 3 billion Swedish crowns of financing in addition to the EIB loan.

Koenigsegg told Reuters August 18 the firm expected to close the deal within about a month. GM said it saw the deal closing by the end of the year.

GM, which emerged from bankruptcy protection July 10, also plans to sell its Saturn and Hummer brands and its European operations, centered on Opel.

(Reuters)