GM and Koenigsegg Sign Stock Purchase Agreement For The Sale Of Saab
18 August 2009
General Motors Co. confirmed it has signed a stock purchase agreement with Koenigsegg Group AB regarding the sale of 100% of the shares of Saab Automobile AB. The deal is expected to conclude in the next months. Saab Automobile plans to exit legal reorganization shortly.
The stock purchase agreement will be subject to agreed closing conditions. Conditions to close the sale include expected funding commitments with Swedish government support and guarantees, as well as transitional assistance from GM, as Saab becomes independent. Saab is about to launch several new cars, developed with General Motors, that are in the final stages of development.
As part of the proposed transaction, GM and Saab will continue to share technology and services during a defined time period. This will be managed through licenses and service agreements.
Closure of the deal is contingent on the funding commitment from the European Investment Bank (EIB), guaranteed by the Swedish government, said Carl-Peter Forster, president of GM Europe.
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!—Christian von Koenigsegg, CEO of Koenigsegg Group
Koenigsegg is a Swedish manufacturer of super sports cars, including the flex-fuel, E85-optimized Koenigsegg CCXR Edition. At the Geneva Motor Show earlier this year, Koenigsegg also introduced a four-seat solar electric car concept, the Quant, developed in partnership with NLV Solar.
"At the Geneva Motor Show earlier this year, Koenigsegg also introduced a four-seat solar electric car concept, the Quant, developed in partnership with NLV Solar."
Posted by: ai_vin | 18 August 2009 at 10:24 AM
Thanks for the link but I think it looks too good to be true: a miraculous battery with no hasardous materials that can be charged for 20 minutes only and has a range of 500km? Please prove me it IS true!
The price isn't given, but given Koenigsegg's previous prices, it should be outrageous, but at least this could develop this new revolutionary technology they talk of: FAES. When it comes. If it works. If it's not too expensive.
As for solar panels, let's say the total area of the car is 10 m², and that's very generous. Let's say they have a maximum efficiency of 10%, and that's still generous, since it's an invisible coating. Let's say you are in Texas under a scorching sun and you get 1000 W/m². Let's say all the surface is perpendicular to the arriving sun rays (which cannot possibly happen) so the panels work under their max efficiency and you still get only 1kW which is not so bad but since it's so sunny you need the air conditionning and away go the gains. And the 1kW figure you get from the sun is very inflated, not the 1kW the A/C consumes.
I agree that any energy is better than no energy, but I think this special coating will cost much more than it will enable further range.
Posted by: Simodul | 19 August 2009 at 02:32 AM