Bloomberg News

Saab Auto Says Several Companies ‘showing Interest’’ in Company

October 06, 2011

Oct. 6 (Bloomberg) -- Saab Automobile said companies are “showing interest” in partnering with the carmaker as it works through a court-approved reorganization.

“Several companies are showing interest in Saab right now,” spokesman Eric Geers said by telephone. “We of course have a binding agreement with Pangda and Youngman.”

Saab expects Chinese authorities to make a ruling on the proposed partnerships with Pangda Automobile Trade Co. and Zhejiang Youngman on Oct. 14, Geers said.

Zhejiang Geely Holding Group Co., which owns Volvo Cars Corp., is in talks to acquire Saab Automobile, Dagens Nyheter reported today. Geely declined to comment on the report.

To contact the reporter on this story: Ola Kinnander in Stockholm at okinnander@bloomberg.net

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus