Koenigsegg set to buy Saab

STOCKHOLM -- General Motors on June 12 was close to selling its loss-making Saab unit after tiny Koenigsegg agreed to ride to the rescue of its fellow Swedish carmaker, a source familiar with the talks told Reuters. A deal would put a company that has fewer than 50 employees and turns out only a handful of $1 million supercars in charge of Saab, which produces that many family cars every hour.

(Source: Automotive News)