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04 April 2012 #1
- Join Date
- 02 Aug 2010
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Autoblog: Want to bid for Saab? Get your paperwork in by April 10
Filed under: Government/Legal, Saab, Earnings/Financials
Interested in purchasing a Saab? Heck, why not just buy the whole company? If you're in the market, you've got until April 10 to put in a bid, and at present, the only rival you have is China's Youngman.
Chances are, according to the administrators in charge of Saab's liquidation, the sale of Saab assets - which includes Saab Automobile, Saab Automobile Powertrain and Saab Automobile Tools, among others - won't cover the automaker's debt of somewhere between $1.8 and $2 billion (12-13 billion kronor).
Rumor has it that there are a few more potential suitors waiting in the wings, such as India's Mahindra, but none have come out expressing public interest in the bankrupt Swedish brand. Seems everyone is waiting until the last minute, eBay style.Want to bid for Saab? Get your paperwork in by April 10 originally appeared on Autoblog on Wed, 04 Apr 2012 08:45:00 EST. Please see our terms for use of feeds.
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