The sad story of Saab is far from over as the court-appointed administrators who are overseeing the Swedish automaker’s bankruptcy are now on the lookout for possible investors to either sell parts of the brand or the company as a whole.
In today’s news, Bloomberg reports that Mahindra & Mahindra Ltd, a maker of SUVs and a flagship company of the Mahindra Group, which is a multinational conglomerate based in Mumbai, India, is in private talks with Saab’s administrators.
The report says that according to two unnamed people who are familiar with the situation, Mahindra & Mahindra is interested in “buying at least parts” of the bankrupt Swedish automaker. The Indian automaker’s spokesperson, Roma Balwani, declined to comment on the matter.
Aside from the Indian company, the same insiders said that there’s also “at least one Turkish company” interested in investing in Saab. The move is believed to be part of the Turkish government’s initiative to create a car brand of its own, and for that reason it is helping a local manufacturer to obtain at least some parts of Saab.
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