General Motors has reached a tentative agreement to sell Saab to the Swedish sports car manufacturer Koenigsegg.
GM said that as part of the deal there would be $600m (?367m) of funding from the European Investment Bank (EIB), guaranteed by the Swedish government.
It is the latest part of GM's reorganisation, which is also set to see the Opel and Vauxhall brands going to Canada's Magna.
Saab filed for reorganisation under Swedish law on 20 February.