What company is Koenigsegg Cars buying the Saab from?"?

General Motors Europe said on Tuesday a preliminary agreement has been reached to sell the company's money-losing Swedish unit Saab to local sportscar maker Koenigsegg. Koenigsegg, a small firm with just 45 staff that makes only a handful of high performance cars a year, came out of nowhere to emerge as a front-runner to buy Saab. The deal would see Saab, which was put up for sale earlier this year, emerge from two decades under the umbrella of its U.S. parent which filed for bankruptcy earlier this month.

Sale terms were not disclosed but the agreement includes expected financing to be guaranteed by Sweden. "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," GM Europe said in a statement on its website. But the Swedish government, which has been wary of making a commitment on loan guarantees, said the issue of financing support ... more.

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