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Saab rumours persist


Saab rumours persist

Author: Trent NikolicDate: 4 January 2012

As of a few days ago, it seems there is still some interest in keeping this once great brand afloat. The administrator handling Saab’s bankruptcy is reported to have received more interest in a buyout. This time from a Turkish consortium with government funding and also Indian manufacturer Mahindra.

It must be said, that neither party has actually confirmed any interest whatsoever in buying the brand. It is also not clear whether the rumours surrounding their interest relate to acquiring Saab the brand, the company or the tooling, hardware and technological know how. One thing is certain, the employees seem to be in high demand given their technological prowess. Many of Saab’s material assets were sold or used as collateral to secure loans during the period leading up to the brand’s demise.

What is also unclear, is whether either company would receive the backing of GM if they did try to buy Saab. Saab’s former parent company blocked the deal with potential Chinese investors as it didn’t want them to have access to certain technology, which was under license to Saab.

The rumour mill continues to grind away, but as we’ve said before, hopefully the end has not come for Saab. The automotive world needs individuality.

 

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News, Saab, News

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