Turkish consortium and Indian car maker Mahindra reported to be eyeing purchase
2 January 2012

The administrator handling Saab's bankruptcy is reported to have received interest in buying the brand from a Turkish consortium with backing from its government and Indian car maker Mahindra.

However, neither party has confirmed their interest in buying Saab, and it is not clear if they want to acquire the brand, the company or its tooling hardware and technology know-how. Many of Saab's assets were sold or used to secure loans in the run up to its demise.

It is also unclear if either party would get the backing of GM if it wanted to buy Saab. The former owner of Saab blocked any deal with potential Chinese investors, as it didn't want them to have access to its technology, which was under licence to Saab.

Join the debate

Comments
28

2 January 2012

Its a shame SAAB cant be bought out by a company that will actually make do well, if someone like VAG was to buy i can actually see the SAAB being profitable With acess to VW/Audi tech and platforms means the build quality etc would be excellent, I doubt this would happen however

2 January 2012

It is all well and good wanting to save Saab, but if VW bought it, where would it sit in their line up? There is already the problem child Seat. I have sometimes thought a joint Saab/Volvo company that had some component sharing and both alot of Sweedisness might have been interesting.

Anonymous

2 January 2012

I wish all these rumours of buyers would stop. I think that Saab is more or less finished and thats that. The employees have apparently been moved elsewhere and their current offerings are either too expensive or outdated. As much as I like Saab, I think it wouldn't be worth the cost or effort considering the current climate to try and kick start them again I'm afraid. [quote Mario B]I have sometimes thought a joint Saab/Volvo company that had some component sharing and both alot of Sweedisness might have been interesting.[/quote] I agree - that actually seems like quite an interesting concept!

2 January 2012

I could see them having similar or related running gear but appearance philosophy being say, 90degrees apart.

2 January 2012

Maybe they want to make a Turkish Delight sweet produced in the form of a Saab design? because be sure those clowns in the States are never going to give away the "technology" they claim to own!! It is the sickest joke in the motoring history, WHAT technology they might have has to be so outdated its HISTORY. Arent GM satisfied to have taken such an iconoic brand - dragged it through the dirt and brought it to its knees? Now they actually want to be the burial team as well. NEVER WILL I BUY A GM Brand. And before any of the Brits shout about not buying a Vauxhall - watch your backs guys, the same think is going to happen to you. Even Opel is at risk, and without Opel there will be no Vauxhall

2 January 2012

[quote petrolheadinrussia] because be sure those clowns in the States are never going to give away the "technology" they claim to own!! It is the sickest joke in the motoring history, WHAT technology they might have has to be so outdated its HISTORY[/quote]

Good point its far outdated now, completely agree

2 January 2012

[quote K1NZ] if someone like VAG was to buy i can actually see the SAAB being profitable[/quote] But it wouldn't be SAAB. SAAB hasn't existed properly for a long time. We've had Vectras in Swedish clothing and now you're proposing a SAAB that'll be yet another variant of the Octavia/Golf/A3 platform. I would prefer to see it go.

 

2 January 2012

I thought the headline misspelling of intensify (intesify) might have been spotted and corrected by now. The autocar spell checker must be more rubbisher than wot my one is.

 

2 January 2012

It is rumour after rumour after rumour after rumour........... and it is tiresome. E

2 January 2012

GM should have just wound SAAB down as it seems they have made every effort to hinder its future. The reasoning makes sense but why put the workers through all of this if they are gonna keep saying they don't want their tech in Chinese, Russian etc hands. These people could have found other jobs where they would have been pay every month 2 years ago. Shame on them as they never realised what a well loved brand they had and what the core values of it were.

Pages

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Lexus LC500
    Car review
    20 October 2017
    Futuristic Lexus LC coupé mixes the latest technology with an old-school atmospheric V8
  • Maserati Levante S GranSport
    First Drive
    20 October 2017
    Get ready to trade in your diesels: Maserati’s luxury SUV finally gets the engine it’s always needed
  • Jaguar XF Sportbrake TDV6
    First Drive
    19 October 2017
    The handsome Jaguar XF Sportbrake exhibits all the hallmarks that makes the saloon great, and with the silky smooth diesel V6 makes it a compelling choice
  • Volkswagen T-Roc TDI
    First Drive
    19 October 2017
    Volkswagen's new compact crossover has the looks, the engineering and the build quality to be a resounding success, but not with this diesel engine
  • BMW M550i
    First Drive
    19 October 2017
    The all-paw M550i is a fast, effortless mile-muncher, but there's a reason why it won't be sold in the UK