American General Motors Corp. (GM) reached a binding agreement for the sale of its unit Saab Automobile AB of Sweden's Koenigsegg Group AB, writes The Wall Street Journal.
However, according to newspaper sources, a number of issues concerning the funding is still not resolved.
Agreement, which shall be officially announced on Tuesday, was reached two months after the signing of an agreement of intent. It will give Koenigsegg right to manufacture the next generation of cars Saab.
Saab declared bankruptcy in February against the backdrop of attempts by GM to sell the unit or to a separate company. GM had hoped to complete the sale of Saab in June, but now aims to September.
end of the transaction will be another step in the global restructuring of the American company in which GM, in particular, moved away from the four brands, including Saab. Thus, China's Sichuan Tengzhong Heavy Industrial Machinery Co. I bought a brand Hummer, Penske Automotive Group has acquired the brand Saturn. In addition, GM hasrefused to release car brand Pontiac.
Koenigsegg
Private company specializes in producing sports cars. Last year it produced 18 cars, the cost of each of which was about 1 million euros, including taxes and other charges.
Last year Saab sold less than 94 thousand cars worldwide. The best sales were recorded in 2006 - 133 thousand cars.
Fluctuations in the MICEX index in the near future is expected in the range 1080-990 pointsIn the coming weeks, reducing the relative value of the ruble in the world market, may continueToday is likely the growth of quotations of securities in early trades to follow divergent trendsIn the case of rehabilitation to better the market will look neftyanka, Industry will continue to be correctedReview of the FOREX market for 17.08.09Overview of the foreign exchange market 18.08.2009UN: Suspension promproizvodstva fall in Ukraine will be temporary, if the authority did not immediately hold a series of reformsGeorgia officially ceased its membership in the Commonwealth of Independent StatesThe course increased dollar purchases - the morning review of cash markets
GM reached a binding agreement with the buyer Saab
American General Motors Corp. (GM) reached a binding agreement for the sale of its unit Saab Automobile AB of Sweden's Koenigsegg Group AB, writes The Wall Street Journal.
However, according to newspaper sources, a number of issues concerning the funding is still not resolved.
Agreement, which shall be officially announced on Tuesday, was reached two months after the signing of an agreement of intent. It will give Koenigsegg right to manufacture the next generation of cars Saab.
Saab declared bankruptcy in February against the backdrop of attempts by GM to sell the unit or to a separate company. GM had hoped to complete the sale of Saab in June, but now aims to September.
end of the transaction will be another step in the global restructuring of the American company in which GM, in particular, moved away from the four brands, including Saab. Thus, China's Sichuan Tengzhong Heavy Industrial Machinery Co. I bought a brand Hummer, Penske Automotive Group has acquired the brand Saturn. In addition, GM hasrefused to release car brand Pontiac.
Koenigsegg
Private company specializes in producing sports cars. Last year it produced 18 cars, the cost of each of which was about 1 million euros, including taxes and other charges.
Last year Saab sold less than 94 thousand cars worldwide. The best sales were recorded in 2006 - 133 thousand cars.
Fluctuations in the MICEX index in the near future is expected in the range 1080-990 points
In the coming weeks, reducing the relative value of the ruble in the world market, may continue
Today is likely the growth of quotations of securities in early trades to follow divergent trends
In the case of rehabilitation to better the market will look neftyanka, Industry will continue to be corrected
Review of the FOREX market for 17.08.09
Overview of the foreign exchange market 18.08.2009
UN: Suspension promproizvodstva fall in Ukraine will be temporary, if the authority did not immediately hold a series of reforms
Georgia officially ceased its membership in the Commonwealth of Independent States
The course increased dollar purchases - the morning review of cash markets