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A last minute new bid for Saab announced – a Chinese company is said to be
Tuesday, 22 May 2012
At the very last moment an unknown Chinese car companies has become
involved in the battle over the bankrupt estate of Saab Automobile
according to fresh reports from Swedish media
The business daily, Dagens Industri reports that the administrators are
planning to have a deal completed by the end of the month between May
In addition to the previous bidders Youngman, Mahindra & Mahindra
and the Chinese electric vehicle consortium, a fourth player has come
in within the last minute and has turned the game around the paper
"It is correct that since two weeks, there have been four parties
struggling to get the Saab business, "said Lars Holmqvist, former
president of the subcontractor organization CLEPA to Dagens industri.
The paper adds that it is speculated that the unknown Chinese company
is the newly formed Qoros Auto aiming to get into Europe by 2015.
By Scancomark.se Team
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