{"id":387,"date":"2009-12-01T00:00:00","date_gmt":"2009-12-01T00:00:00","guid":{"rendered":"http:\/\/blog.njstateauto.com\/saab-do-not-use\/gm-ceo-believes-saab-is-finished\/"},"modified":"2009-12-01T00:00:00","modified_gmt":"2009-12-01T00:00:00","slug":"gm-ceo-believes-saab-is-finished","status":"publish","type":"post","link":"https:\/\/www.njstateauto.com\/blog\/gm-ceo-believes-saab-is-finished\/","title":{"rendered":"GM CEO Believes Saab is finished"},"content":{"rendered":"

Used Saab<\/a> models in New York and elsewhere could become the only option for car buyers interested in one of these Swedish-made vehicles.<\/p>\n

On November 24, the Swedish supercar manufacturer Koenigsegg backed out of its agreement with GM to acquire Saab, according to the Wall Street Journal. Now GM CEO Frederick Henderson doubts it will be possible to keep the Saab brand alive, although he and other executives have been talking to a number of organizations that are interested in the company.<\/p>\n

“We regret that after six months of intense and determined work we have come to the painful and difficult conclusion that we are unable to complete the acquisition of Saab Automobile,” Christian von Koenigsegg told the publication the day the deal disintegrated. “Unfortunately, delays in closing this acquisition have resulted in risks and uncertainties that prevent us from successfully implementing the new Saab Automobile business plan.”<\/p>\n

Beijing Auto and Merbanco, an American company, are two of the organizations that have expressed an interest in Saab, reports the news source. Yet, Henderson’s outlook for the brand might suggest that used Saab models in New York could be some of the only cars available to buyers looking for a vehicle built by this company.<\/p>\n","protected":false},"excerpt":{"rendered":"

Used Saab models in New York and elsewhere could become the only option for car buyers interested in one of these Swedish-made vehicles. On November 24, the Swedish supercar manufacturer Koenigsegg backed out of its agreement with GM to acquire Saab, according to the Wall Street Journal. Now GM CEO Frederick Henderson doubts it will […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[40],"tags":[],"yoast_head":"\nGM CEO Believes Saab is finished<\/title>\n<link rel=\"canonical\" href=\"https:\/\/www.njstateauto.com\/blog\/gm-ceo-believes-saab-is-finished\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GM CEO Believes Saab is finished\" \/>\n<meta property=\"og:description\" content=\"Used Saab models in New York and elsewhere could become the only option for car buyers interested in one of these Swedish-made vehicles. On November 24, the Swedish supercar manufacturer Koenigsegg backed out of its agreement with GM to acquire Saab, according to the Wall Street Journal. 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