The newest chapter of the Never Ending Saab Story reveals a new, surprise twist in the plot. At the end of the last chapter we had Chinese firm Youngman maintaining interest that despite the bankruptcy and the crushed cars and the fact that GM won't allow any Chinese firm to own/have access to any of their intellectual property. If this is Saab's only option, they're sunk.
Now, though, we've got word that a Turkish equity fund, Brightwell Holdings, is going to make a run at the Swedish brand. "We will make a bid very shortly, there's no question," said Zamier Ahmed, board member with Brightwell. The Istanbul-based investment group is big on investments into transportation and energy.
Let's see how GM feels about the Turks.
ed124c says:
10:58 AM, 01/23/12
My local dealer is selling 9-3s at 19-21K. Get 'em while they are, uh.... Hot? Well, not hot, but just there for the taking. How's that?
So, what if I bought one? If SAAB goes completely under, there won't be any warranty. Right? And even if they do go on for a couple of years, just try to get rid of your orphan SAAB. It is quite a leap of faith to go out and spend good money on a new SAAB.
desmolicious says:
12:32 PM, 01/23/12
Cue They Might Be Giants...
kain77 says:
12:35 PM, 01/23/12
This reads like a bad zombie movie. How do you kill this thing?
moparbad says:
02:58 PM, 01/23/12
Brightwell holdings does not have the requisite automotive talent.
Mahindra is in the best position to succeed should they be a serious bidder.
angry_mushroom says:
11:07 PM, 01/29/12
I bid Saab farewell when the Chinese failed.
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02:23 AM, 02/ 1/12
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