Dean Christakos« DC Has Its Merits | Main | RIP, SAAB (or not? See update) »
June 16, 2009
My Car Survives!
Given GM's ongoing bankruptcy, I was wondering if SAAB* was going to exist in any form at the end of it, or if my car would simply be an emblem of a past era, like old Studebakers. Fortunately, SAAB has found a buyer:
General Motors announced Tuesday that it had agreed to sell its Swedish unit, Saab Automobile, to a consortium led by the sports car maker, Koenigsegg Automotive.Not only does my car's marque survive, it also gets a sexier parent company!
...
Koenigsegg, an unlisted company with 45 employees based in Angelholm, Sweden, turns out just a few “supercars” — high-performance sports cars costing more than $1 million each — a year.
* "SAAB" is actually an acronym, which stands for Svenska Aeroplan Aktiebolaget (Swedish Aeroplane Corporation)
Posted by Dean at June 16, 2009 11:13 PM
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