At Saabsunited we`ve found an article about Mahindra to take over Saab;
Dec. 30 (Bloomberg) — Mahindra & Mahindra Ltd., India’s biggest sport-utility vehicle manufacturer, is interested in buying at least parts of bankrupt Swedish carmaker Saab Automobile, two people familiar with the situation said.
Mahindra, based in Mumbai, is in the process of reaching out to the two court-appointed administrators who are overseeing Saab’s bankruptcy to possibly buy parts of the carmaker or the whole company, said the people, who declined to be identified because the plans are private. Mahindra has yet to hold discussions with the administrators, the people said.
Roma Balwani, a Mahindra spokeswoman, declined to comment, while Chief Financial Officer Bharat Doshi wrote in a text message that he was in a meeting and wasn’t available to talk. Saab filed for bankruptcy Dec. 19 after running out of cash. General Motors Co. sold the Trollhaettan, Sweden-based company in February 2010 to Dutch sports-car maker Spyker Cars NV, which later changed its name to Swedish Automobile NV. Saab first halted production in March, unable to pay suppliers. Chief Executive Officer Victor Muller said this month that several parties had expressed interest and that Saab still has a chance to emerge from bankruptcy. At least one Turkish company is also interested in investing in Saab, one of the people said. The Turkish government wants the country to have a car brand of its own, and is trying to help a manufacturer take over at least parts of Saab, the person said. Hans Bergqvist and Anne-Marie Pouteaux, the attorneys handling the bankruptcy, didn’t immediately return messages seeking comment.
By Ola Kinnander
Bloomberg News
Link to the original article on the site of Bloomberg.
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