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Mark Bishop of Rancho Santa Fe has stepped down from the board of Koenigsegg Group AB, a tiny upscale Swedish automaker that plans to buy Saab from General Motors, according to the Associated Press. It has been rumored for two weeks that Bishop would be out. He was to have a 22.2 percent stake in the firm. The document announcing his departure didn't explain why Bishop opted out, and Koenigsegg officials were not available for comment. General Motors said last week that it had signed a deal to sell Saab, but the Swedish government warned that more capital was needed before the transaction could be closed. Bishop is managing director of Liquiddium Capital Partners of Westlake Village. The firm buys troubled commercial real estate mortgages, holds them for a few years, and tries to peddle them.
Mark Bishop of Rancho Santa Fe has stepped down from the board of Koenigsegg Group AB, a tiny upscale Swedish automaker that plans to buy Saab from General Motors, according to the Associated Press. It has been rumored for two weeks that Bishop would be out. He was to have a 22.2 percent stake in the firm. The document announcing his departure didn't explain why Bishop opted out, and Koenigsegg officials were not available for comment. General Motors said last week that it had signed a deal to sell Saab, but the Swedish government warned that more capital was needed before the transaction could be closed. Bishop is managing director of Liquiddium Capital Partners of Westlake Village. The firm buys troubled commercial real estate mortgages, holds them for a few years, and tries to peddle them.