Saab Automobile is still bankrupt. That statement may be true, but it doesn’t mean that the legendary Swedish automaker is out just yet. The company’s fall late last year triggered numerous reports and rumors of consolidations and potential new owners. Jumbled up in a mound of bad news have been a few bits and pieces of shinning hope. Museum vehicles that were scheduled for a visit to the crusher were given a second chance by the Swedish people and throughout the course of the past few months, several companies have put their name in the hat to become Saab’s next parents. Who that will be might just be revealed sooner-than-later.
According to an Automotive News article, the administrators of Saab’s bankruptcy are currently evaluating the bids and should have a decision made before the start of summer. Even though the folks in charge have yet to make who those bidders are official, the Chinese company Youngman has made their interest public. A few other names such as the Indian utility maker, Mahindra & Manindra, as well as Brightwell Holdings have been mentioned regarding potential bidders. Most recently, talks about the Swedish giant Volvo purchasing tooling rights sparked the rumormill and shouldn’t be ignored. Apparently, all of the current players in the game for the company are wanting production to restart at the temporarily defunct Trollhättan assembly plant. Who ever does earn the title of Saab’s owners, they’ll have a lot of work to do as the factory hasn’t pumped out a vehicle in a year and the automaker’s debt is closing in on the $2 million mark.
Source: AutomotiveNews.com
