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 and June.

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 writes.

 "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