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Motor Authority: Official: GM and Koenigsegg reach tentative agreement over Saab sale

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General Motors and Koenigsegg Group, a consortium led by supercar company Koenigsegg, today confirmed the details of a memorandum of understanding for the purchase of Saab that will hopefully secure the struggling automaker’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 to fund Saab's operations and product program investments.

2010 Saab 9-5 spy shots

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