Deadline for final bids expired

Finally the deadline for Saab bids has expired today at 17:00! According to TTELA the administrators are aiming to get a bid for more than 3,6 billion SEK. That amount of money seems to be the value for Saab. If they `ve got a bid that high is still the question.

The known parties interested in Saab are Youngman, Mahindra & Mahindra and a Chinese-Japanese consortium. The bankruptcy administrator Hans Bergqvist has confirmed to TTELA that new bids where placed even today. Hans refused to tell the names of the companies involved in the bidding process.

The name of the new owner of Saab is still unknown. It`s expected that the administrators reveil this name at the next press conference (next week).

"News" about Saab

Yesterday there was a press conference of the administrators of Saab Automobile. According to them Saab has very big debts, its in the figures of 12-13 billion SEK (1,8 to 2,0 billion USD).

The 10th of April `ll be the deadline for parties to place their final bid. The next press conference is scheduled one week later on the 17th of April.

Last week we`ve had a Saab meet at our local airport. Click here for more pictures.