Financial Times FT.com

Koenigsegg pulls out of talks to buy Saab

By John Reed in London and Andrew Ward in Stockholm

Published: November 24 2009 16:31 | Last updated: November 24 2009 19:55

The future of Saab was thrown into doubt on Tuesday after a consortium led by Sweden’s Koenigsegg pulled out of talks to buy General Motors’ premium car brand.

Koenigsegg blamed the collapse on delays in closing the deal after months of negotiations with the Swedish government over financial support.

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