De kogel is door de kerk: GM heeft vanochtend bevestigd dat er een principe overeenkomst is over de de verkoop van Saab. De kleine supercar producent Koenigsegg zal Saab aan het einde van het derde kwartaal over nemen.
Saab is sinds 20 februari in surseance van betaling en dat blijven tot de Zweedse autofabrikant is overgenomen. Om Saab levensvatbaar te maken, wordt er stevig geïnvesteerd. De Europese Investeringsbank legt 600 miljoen dollar op tafel, Koenigsegg en GM zorgen voor een aanvulling tot 1 miljard euro. Met het geld worden de investeringen in toekomstige producten op peil gebracht en kan ook de komst van de nieuwe Saab 9-5 worden veilig gesteld. Volgens GM kan Saab ook in de toekomst van GM platformen en motoren gebruik blijven maken. Een aardige geste, maar het blijft afwachten wat de waarde daarvan is. De nieuwe 9-5 is namelijk gebaseerd op het platform van de Opel Insignia en de 9-3 op die van de eveneens van Opel afkomstige Vectra. En laat GM nu ook net Opel verkocht hebben. Gelukkig is Magna, de nieuwe eigenaar van Opel, ook van plan om platformen aan andere fabrikanten te leveren.
General Motors and Koenigsegg Group AB Reach Tentative Agreement on Saab
# Deal will secure Saab’s future
# EIB expected to provide $600 million financing with state guarantee by the Swedish government
# GM reinvention achieves another milestone
Zurich. General Motors Corp. and Koenigsegg Group AB, a consortium led by Koenigsegg Automotive AB, today confirmed the details of a memorandum of understanding for the purchase of Saab Automobile AB that secures Saab’s future.
The sale, expected to close by the end of the third quarter of this year, includes an expected $600 million funding commitment from the European Investment Bank (EIB) guaranteed by the Swedish government. Additional support is to be provided by GM and Koenigsegg Group AB to fund Saab’s operations and product program investments. This includes plans to launch several new products that are in the final stages of development. Saab had filed for reorganization under Swedish Law on Feb. 20, 2009. This tentative agreement is a key milestone for Saab to successfully emerge from its reorganization process.
“This is yet another significant step in the reinvention of GM and its European operations,” said GM Europe President, Carl-Peter Forster. “Saab is a highly respected automotive brand with great potential. Closing this deal represents the best chance for Saab to emerge a stronger company. Koenigsegg Group’s unique combination of innovation, entrepreneurial spirit and financial strength, combined with Koenigsegg’s proven ability to create world-class Swedish performance cars in a highly efficient manner, made it the right choice for Saab as well as for General Motors.”
As part of the proposed transaction, GM will continue to provide Saab with architecture and powertrain technology during a defined time period. Additionally, Saab plans to produce its next generation 9-5 models in the Saab production facility in Trollhättan, Sweden.
“The proposed agreement will enable us to maximize the brand’s potential through an exciting new product line-up with a distinctly Swedish character. Today’s announcement is great news for Saab’s current and future customers, dealers, suppliers and employees around the globe, said Jan Åke Jonsson, Managing Director of Saab Automobile AB.
The sale will be subject to customary closing conditions, including receipt of applicable regulatory, governmental and court approvals. Other terms and conditions specific to the sale are not being disclosed at this time. Deutsche Bank acted as financial advisor to General Motors Corporation.
General Motors Corp., one of the world’s largest automakers, was founded in 1908, and today manufactures cars and trucks in 34 countries. With its global headquarters in Detroit, GM employs 235,000 people in every major region of the world, and sells and services vehicles in some 140 countries. In 2008, GM sold 8.35 million cars and trucks globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Hummer, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling. GM’s largest national market is the U.S., followed by China, Brazil, the United Kingdom, Canada, Russia and Germany. In Europe, GM sells its vehicles in over 40 markets. It operates 10 vehicle-production and assembly facilities in seven countries and employs about 50,000 people.
Koenigsegg Group AB is a consortium of private investors led by Koenigsegg Automotive AB. Koenigsegg Automotive AB manufactures supercars. It has representatives in Africa, Asia, Europe, the Middle East, North America, and the Oceania. The company was founded in 1994 and is based in Ängelholm, Sweden.