Three buyers scramble for Saab who's home this week or unveiled
Source: Internet
Author: User
Every trainee reporter Hevy GM's son brand is now a "sweet pastry." After the Italian Magna International "marries" Opel, Sichuan Tengzhong heavy Industry "checks out" the Hummer, the American dealer penskeautomotive group "extracts" Saturn, the GE's Saab brand bid also entered the white-hot stage, the final buyer will announce in this week. It is understood that three of those involved in the bid for the Saab brand are Sweden's luxury sports car maker a sig (Koenigsegg), the US Renko (Renco) group, and Wyoming State, an investor organization in the United States Morbank (Merbanco). The source said GM would take out $500 million worth of assets and cash to divest Saab, while bidders would have to pay some of the cash and promise to fund the carmaker with a successful turnaround in Saab. Chinese company Baic has also heard of a bid for Saab after failing to acquire GM's Opel brand. There are reports of speculation that Baic will not be ruled out as a "substitute" when the aforementioned deal fails. What impact will Saab have on the Chinese market if it is sold? GM's public relations hairiness says Saab's bid has shrunk to 3, and it is unclear who will win. But the basic certainty is that the Saab brand will be independent from GM. The current operation of the Saab brand in China is under the responsibility of Shanghai GM, the future of Saab and Shanghai GM will be in what form of cooperation is now not predictable. But one thing is certain, Saab's current users in China will continue to enjoy warranty, after-sale support and other customer service as before. According to the data, Saab Motor Company was born in the aircraft manufacturing enterprises, in the 40 's medium-term plant, due to poor management in 2000 by General Motors fully acquired, but after the incorporation of GM always wandering in the margin of loss. In February this year, under the influence of the financial crisis, Saab was forced to declare bankruptcy protection, and became the first car company to enter bankruptcy protection after the financial crisis broke out.
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