TIMELINE: Koenigsegg pulls out of deal to buy Saab

Wed Nov 25, 2009 7:51am EST

(Reuters) - A deal for U.S. carmaker General Motors (GM) to sell its struggling Swedish unit Saab has collapsed.

Following are key events in Saab's history:

1946 - Svenska Aeroplan Aktiebolaget (SAAB), founded in Sweden in 1937 to produce high-performance aircraft, starts to produce cars.

1969 - Saab AB and truck manufacturer Scania-Vabis AB merge under the name Saab Scania AB.

1990 - The Saab car division is restructured into an independent company. Investor AB and GM each own 50 percent.

2000 - GM takes 100 percent ownership of Saab.

January 11, 2009 - GM says has been in talks to sell Saab.

January 12 - Sweden says it will not take a stake in Saab or plan more aid.

February 20 - A Swedish court grants Saab protection from creditors as it tries to find a new partner and raise fresh funds.

February 23 - Sweden says it can guarantee a European Investment Bank loan to Saab if a new owner that can cover half the necessary financing emerges.

August 18 - Sports car maker Koenigsegg seals deal with GM to buy Saab.

September 9 - Chinese state-run Beijing Automotive Industry Holdings (BAIC) inks deal to take a minority stake in Koenigsegg as part of the deal to buy Saab.

November 24 - Koenigsegg says it has pulled out of talks to buy Saab. Sweden effectively rules out a state bailout.

November 25 - BAIC says it is reviewing its options.

Sources: Reuters/ www.saabusa.com;

(Writing by Jijo Jacob, Bangalore Editorial Reference Unit; Additional writing and editing by David Cutler, London Editorial reference Unit)

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