Saab was already on the brink of bankruptcy when GM sold it in early 2010 to Dutch company Swedish Automobile (SWAN) - at the time called Spyker - for $400 million (308 million euros).
The past two years have been lined with desperate efforts and numerous failed deals to keep it afloat.
Chinese carmaker Youngman has shown keen interest but its bid to snap Saab up before it declared bankruptcy was thwarted by the Swedish brand's former owner GM, which balked at transferring the necessary technology licences.
A delegation from the Chinese company will reportedly arrive in Sweden on Monday to try to hammer out a deal.
Indian commercial utility vehicles manufacturer Mahindra and Mahindra is also interested and company officials have reportedly prolonged a visit to the Saab factory in the southwestern town of Trollhaettan to pursue talks.
Turkish private equity firm Brightwell Holdings has also expressed interest, with board member Samier Ahmed saying that "We will place a bid as soon as they (the administrators) are ready to accept bids."
ORIGINAL SOURCE
Content used in this not-for-profit blog remain the property of their respective owners.
No comments:
Post a Comment