Back in December a Swedish court declared Saab bankrupt after a deal couldn't be reached with a number of Chinese auto makers. The stumbling block was General Motors. Simply put, they didn't want their intellectual property in the hands of anyone who could compete with them in China.
Now, a "source with knowledge of the process" has confirmed to Automotive News that Youngman's still in the game and will be throwing up another bid for Saab next week. The deal is allegedly worth "several billion Swedish crowns" with 1 krona = 0.14 USD.
No information was provided for how this deal would be different than the other ones that were shot down by GM, but a lawyer representing Youngman said that they would not be developing products controlled by GM. The PhoeniX platform (pictured above) uses very little GM technology, but is still very far away from being a developed, road-ready car. Ie: It needs a lot more time and money.
Last week Saab crushed a number of vehicles either on or fresh off of the production line and put the Saab museum up for sale.
stovt001 says:
01:16 PM, 01/18/12
Called it. Back when Saab declared bankruptcy I said this wouldn't be the last we heard of the saga. Others scoffed. I was right.
duck87 says:
01:30 PM, 01/18/12
Youngman is a bunch of scabs. First they WERE going to bail Saab out, then they pulled back because they wanted a better deal when Saab becomes desperate. And now that Saab has died, they're like vultures going in for the kill.
viss1 says:
07:37 AM, 01/19/12
I guess "take my car company... please!" was too obvious a joke.