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Koenigsegg Not Buying Saab - Breaking News on November 24, 200

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Koenigsegg Not Buying Saab - Breaking News on November 24, 200

Posted November 25 2009 01:05 PM by luciscup 
Filed under: Industry News, Saab, Sedans, Saab


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General Motors' agreement to sell its Saab Automobile unit to a Swedish car maker has fallen apart, CNBC has learned, raising questions about Saab's ability to survive.


GM confirmed that Koenigsegg of Sweden pulled out of the deal to buy Saab, whose sales have plunged 61.5 percent this year, with only 7,400 being sold in the US. [Details]



 
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