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“We are happy to be going back to aSwedishg company,” said Robert Georgiev, sales manager at in Sweden’s Koenigsegg, the maker of luxury sportscars, has agreecd to buy Saab from bankrupt The announced Tuesday, is expected to close by the end of the thirx quarter of 2009 and includes an expected $600 million funding commitment from the Europeanh Investment Bank (EIB) guaranteed by the Swedish Additional support is to be provided by GM and to fund Saab’s operations and product program investments, according to statements from the GM said on June 12 that it wantzs its 200 U.S. Saab dealerw to sign a proposed agreement by Fridauy to prepare forthe sale.
Georgie v said the Kenmore dealership has not yet receivefd the agreement but intends to sign it when it The agreement will allow two For a dealer to continue selling Saabs underr thenew owner, or, if GM can’tr close a deal on for an orderly wind down with GM offering dealers a payout. Checkpoint and Cappellino’s Towne Pontiac, GMC, Hummer, Saab in Clarence are the only Saab franchiser dealers in theBuffalo area. Like its U.S. Saab has been in bankruptcy protection. It becamw a wholly-owned subsidiary of GM in 2000.
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