Koenigsegg
Koenigsegg’s take over of Saab cancelled!
Koenigsegg has announced that it will not proceed with the take-over of the Saab auto company from its current owner General Motors. This comes to a surprise as recently in June, the company revealed that it has reached a preliminary agreement indicating that the discussions have entered the final stages. According to Koenigsegg, the deal has been cancelled due to delays in completing it. Apparently certain risks and uncertainties have emerged.
“We regret that after six months of intense and goal-oriented work we have come to the painful and difficult conclusion that we are not going to be able to carry out the acquisition of Saab Automobile,” said Koenigsegg’s head Christian von Koenigsegg. One wonders what will happen to Saab as General Motors previously revealed that if the brand is not sold by end of the year, it will shut it down.
1,018HP Koenigsegg Trevita: Only three units to be made!
Swedish based sports car maker and future owner of the Saab brand Koenigsegg, has announced a new model called the Trevita, which is based on the super powerful 1,018HP CCXR (biofuel capable). What makes the Trevita stand out among the crowd, is a carbon fiber coating, treated to a diamond finish. Called the Koenigsegg Proprietary Diamond Weave, it has diamond-coated fibers, instead of making do with classic black carbon fibers. The process was fully developed at Koenigsegg’s headquarters in Angelholm, Sweden, where the fiber treatment is conducted carefully in small quantities, prior to further processing the prepreg material.
With the new body finish, the Koenigsegg Trevita sparkles like millions of silvery white diamonds when sunlight hits the car. To make it even more unique than it already is, the auto maker will only roll out three units. Each Trevita comes with a double carbon wing, paddle shifters, inconell exhaust system, carbon ceramic brakes with ABS, hydraulic lifting system, infotainment system, tire monitoring system, chrono instrument cluster and airbags. Continue reading to view an image gallery. Read the rest of this entry.
General Motors and Koenigsegg sign 100% stock purchase agreement, deal to close by end of the year
General Motors has officially announced that a 100% stock purchase agreement has been signed, between the auto maker and Koenigsegg, over the sale of Saab to the Swedish supercar maker. The agreement is subject to conditions, including expected funding commitments with Swedish government support and guarantees, as well as transitional assistance from General Motors, as Saab becomes independent. General Motors and Saab will also continue to share technology and services during a defined time period, which will be managed through licenses and service agreements. Saab is expected to get out of administration soon, and both General Motors and Koenigsegg expect the deal to be completed by the end of the year.
Carl-Peter Forster, president of GM Europe said, “This contract is an important step in the journey to a potential deal. Saab’s great cars, its unique design, safety- and engine-technology, as well as its excellent brand image, combined with Koenigsegg Group’s unique combination of innovation and entrepreneurial spirit, bode well for a successful future for the brand. We will continue to work with all parties to define the final details and ensure a fast closure of the deal, which we expect to take place in the next few months. The closure of the deal is contingent on the funding commitment from the European Investment Bank (EIB), guaranteed by the Swedish government.”
Christian von Koenigsegg, CEO of the Koenigsegg Group also added, “We have now concluded another important step in realizing the great potential of Saab. Our plan is to transform Saab into a stand-alone vibrant entrepreneurial company and make it ‘sustainable’ by making it profitable. We will revive Saab’s Swedish heritage of ecological sensitivity, safety, design innovation and ‘fun to drive’ experience!”
“This is excellent news for everyone connected to Saab around the globe. This is an important step to secure jobs and our long-term future as a Swedish carmaker. In the short-term, it will enable us to move forward with exciting new cars starting this month with the all new Saab 9-3X,” said Saab’s Managing Director, Jan Ake Jonssson. The American auto maker also revealed that Saab is about to launch several new cars, that are in the final stages of development.
Nissan GTR vs. Koenigsegg CCR Evolution: Video!
Earlier today we showed you a video of the Koenigsegg CCR Evolution performing a quarter mile run, and setting a time of 11.43 seconds. This time, there is another, more interesting video of the 806HP CCR Evolution with 920Nm of torque. The 8 minute 3 second-long video showcases the Koenigsegg super car going against the 485HP Nissan GTR, with a torque figure of 588Nm. I will say no more, continue reading to catch the video, enjoy!
Tipped by: Robert Smith, thanks! Read the rest of this entry.
806HP Koenigsegg CCR Evolution does 11.43 seconds on a quarter mile run: Video
Always wanted to watch the 806HP Koenigsegg CCR Evolution in action on a quarter mile straight? Well, we have just the right video for you! A Koenigsegg CCR Evolution, which is also good for a mind boggling 920Nm of torque at 5,500 revs from its 4.7-liter supercharged V8 engine, was taken to a 2009 Action Meet motorsport event in Sweden.
The Koenigsegg (a company which now owns Saab), managed to set 12.02 seconds on its first attempt. The driver had a another go and managed to clock 11.43 seconds. At the end of the line, the CCR Evolution, fitted with regular sports tires, reached speeds of slighty more than 213 km/h. Continue reading to watch the 3 minute 41 second-long video. This is a must watch for all you petrol heads out there!
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Both General Motors and Koenigsegg have reached an agreement about Saab’s sale
According to Automotive News, US-based auto maker, which has recently filed for Chapter 11 administration, has reached a preliminary agreement with Swedish-based exotic car maker Koenigsegg over the sale of Saab to the latter.
General Motor’s European branch revealed on its website, “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.” However, the terms of agreement were not disclosed.
