UPDATE 1-Koenigsegg pulls out of deal to buy GM unit Saab

Newswire

* Says delay in closing deal led to collapse of talks * Says funding issues were not the problem * Saab says disappointed, firm has good business plan (Adds background, Saab comment) By Nick Vinocur and Johannes Hellstrom STOCKHOLM, Nov 24 (Reuters) - Tiny Swedish luxury carmaker Koenigsegg has pulled out of talks to buy Saab Automobile, putting in doubt the future of General Motors' [GM.UL] loss-making unit. Saab, which has made cars in Trollhattan, southwest Sweden, since 1949, ...

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