Jump to content

MyCarForum Logo
Magnifying glass



F1 to the rescue of Saab!

By SYF77 on 10 Jan 2010

Attached Image
The "F" in F1 could stand for "First Aid" now. [laugh]

In a surprise turn of events, Formula One tycoon Bernie Ecclestone and partner Genii Capital emerged as a rival to Dutch super-car maker Spyker Cars NV in making last-ditch efforts to buy General Motors Co.ís Saab unit.

Ecclestone mentioned in a phone interview that Saab is a good brand that has probably been neglected by the current owners. He has declined to disclose any financial details.

Genii Capital stated that it will aggressively work towards a successful closing of the transaction with all the relevant stakeholders of the company within the short timeframe for finalizing its offer.

Saab is among four brands, along with Pontiac, Saturn and Hummer, being unloaded as GM focuses on Chevrolet, Buick, GMC and Cadillac in the U.S. after its July 10 bankruptcy exit.

If the sales of Saab to F1 materialise, perhaps we may see Saabs serving as safety vehicles for the 2010 F1 in Singapore. That will be a huge publicity for Saab and I am sure folks at Trans Eurokars would be looking forward to that day!

Saab, Formula one and 3 more...

Viewed: 331 times

Related Blog Posts
Written by SYF77
I have been a car fanatic since 1989, when my father was changing our family car then to a Toyota Corolla 1.6 GL fitted with a Twin Cam 16 valve engine that was carburetor-fed, a big deal back in those days. The automobile technology and industry fascinates me and I hope to broadcast these interesting developments to everyone out there through this blog.

Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
With a bit of quick thinking, this man hid his E30 BMW M3 in his living room when he heard Hurric...
While this is not the most scientific test to see which driven pair of wheels gives better tracti...
In this shell sponsored ad, Sebastian Vettel goes against an ambulance driver on a race track. Bu...
A New Jersey luxury car dealership is being sued by a United States resident and Indian national...
Bild, a German publication, has reported that Volkswagen is worried about its 70,000 employees pl...
According to Left Lane News, two thieves have been arrested in the United States for stealing car...
   Lifestyle Articles