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Saab saved by fellow Swede?

By Samantha Stevens, 04 Jun 2009 Industry

Saab saved by fellow Swede?

Saab may be bought out by fellow automaker and supercar company Koenigsegg.

Swedish GM brand Saab may have found a lifeline in its own backyard, with rumours that supercar company Koenigsegg are one of two companies vying for the brand.

Fiat, which has just confirmed its deal with Chrysler, has denied any interest in Saab and its fellow satellite Opel, and Reuters is reporting that Koenigsegg and an American investment group Renco are the remaining interested parties.

"Now we are negotiating with just two parties. This can go fast now and should absolutely be wrapped up in a maximum of two weeks," said Saab chief executive Jan-Ake Jonsson.

We're thinking Koenigsegg could inject more than life into the shaky brand... Fingers crossed!