Koenigsegg Wants To Buy Saab

Supercar maker Koenigsegg wants to buy its long-neglected, but quirky, neighbor Saab. That would be the best thing to happen to the brand that's not really born from jets since GM bought it in 1990.

The three remaining bidders for Saab are Koenigsegg, billionaire Ira Rennert and Jim Press's personal saviour, Fiat.

"According to sources close to GM the toughest battle is expected between U.S. billionaire Ira Rennert and Swedish carmaker Koenigsegg," reports Swedish paper Dagens Industri, which goes on to state that Koenigsegg has lined up financing from a group of "very wealthy people."

As former Saab enthusiasts, we've got all our fingers and toes crossed for a Koenigsegg purchase. The engineering know-how and enthusiasm of that brand might just be the only thing capable of restoring the Swedish automaker to its former glory as a maker of truly weird and wonderful cars. [via Reuters]