Despite claims that Tata have placed a bid for Saab, Ratan Tata has said they have not but confirms Mahindra has. Yesterday, in the midst of all the news coming in from Geneva, we heard rumours that Tata had placed a bid said to be worth $350 million for Saab. Which didn’t add up for us, so we didn’t report [...]
The Swedish press have been told that the bidding on Saab has now closed and that the successful buyer will be announced shortly. It’s amazing how much interest – and speculation - there is around the demised Saab; so much so we’ve probably reported as much on Saab after its demise as we did when it was [...]
The interwebs claim that BMW are to bid for what’s left of Saab, which seems about as likely as BMW buying Rangers. Saab was back in the car news this week when Youngman confirmed they’ve placed a bid with the receivers for what’s left of Saab. But the rumour mill never stops where Saab is concerned, and [...]
The founder of China’s Youngman - Pang Qingnian – has revealed Youngman submitted a $2 billion offer to buy Saab from the administrators on 14th February. We’ve all seemingly written-off Saab as dead and buried; a once proud marque consigned to the scrap heap of history after the debacle of GM ownership and Victor Muller’s ill-fated [...]
With Saab in administration, the European Investment Bank (EIB) has called in the Swedish Government guarantee on Saab’s loan. In the midst of Victor Muller’s efforts to restructure Saab, Saab received access to a European Investment Bank loan of €400 million, of which it accessed some €217 million. But just like any less than credit worthy individual Saab needed [...]
Despite falling victim to Saab’s bankruptcy, the Saab Museum has been saved by Trollhatten City, Saab AB and the Marcus and Amalia Wallenberg Memorial Fund. When we reported that the Saab Museum – and all its cars – was up for sale last week to try and bring in a few coppers to fill the black [...]
Despite its bankruptcy, it seems China’s Youngman and Turkish equity form Brightwell Holdings ar planning on staging a bid. Saab may be bankrupt – and its car heritage from the Saab Museum up for sale – but that hasn’t stopped interest in Saab as a viable car maker from prospective suitors. And it seems the front-runners [...]
The bankruptcy of Saab has resulted in the entire Saab Museum collection of 120 cars being offered for sale by the liquidators. The final demise of Saab has meant much heartache for Saab’s employees, and lovers of the marque around the world, as more than 60 years of Saab’s history is consigned to the remnants bin – and [...]
With Saab now in receivership, what’s going to happen to the Saab 9-4X. Could it become the new Vauxhall / Opel Antara? Saab is now in receivership despite the best efforts of Victor Muller, and mainly because GM won’t let their technology fall in to the hands of the Chinese. But what’s to become of [...]
It’s reported that a representative of a ‘Large Indian Car Maker’ has been rebuffed by the Saab receivers. Victor Muller finally gave up the task of trying to keep Saab in business just before Christmas and filed for bankruptcy. Now, the task of finding a buyer for Saab is in the hands of the receivers, [...]
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