Koenigsegg buys Saab

This is good news.

Now the goverment needs to get its act together and support the deal.

The govt needs to fully check the background of all parties involved before committing tax payers money to the project.

The government needs to stay away.

Jack is correct in that Koenigsegg need to be fully transparent about their company's structure if they want to the Govt to provide financing. If they fail to do so then their creditworthiness will be severely impacted and make it impossible to secure the loans required now or in the future.

Nooooooo !

I dont think the government should step in here.

If there is to be any future for Saab under these or any other new owners then major loans have to be acquired. As the government are the ones to provide financial guarantees for the loans then it is a basic responsibility to ensure the tax payers money is not being wasted and checks obviously have to be made.

This can not go ahead without them so not wanting the govt involved means that Saab will go under. Not really a great alternative is it?

For those of you who have no idea how transactions of this size and nature occur, some facts.

In deals of this nature it is not uncommon for a goverment to give loan guarentees, particulary during times of economic crisis, so as to ensure that all creditors, debtors and business partners can be assured that all investments are safe.

In the UK, it happens all the time. For those of you who say it does nto ahppen in the US, it does. Individual states give guarantee's to multinationals quite often.

The Swedish goverment has to give a govement guarentee to the banks giving the loans and particulary those holding SAAB debt, so as to allow business to continue, as SAAB has built up a lot of debt.

Koenigsegg Group is not only taking over SAAB, they are also taking over all SAAB's debts. Koenigsegg Group needs guarentee's from the Swedish goverment so as to give the banks reassurance. This is turn will allow the banks to give credit, upon completeion of the deal.

theyre just shuffling chairs on the titanic...waste if money and time.

The government needs to stay out of this.

Koenigsegg needs to negotiate a better price and/or get outside investment.