Jump to content

MyCarForum Logo
Search
Magnifying glass

SEARCH

0

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: 368 times

Related Blog Posts
SYF77
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
Photo
The Australian actor is reported to be portraying Enzo Ferrari in a new biopic on the Ferrari fou...
POPULAR BLOG POSTS
Photo
While a television program has proved that Toyotas are basically indestructible, common sense wil...
Photo
Before we start asking what the Government can do to encourage the use of electric vehicles (EVs)...
Photo
The Swedish police will take delivery of its first V90 police cars early next year after the car...
Photo
Car population down four percent as the total number of vehicles shrinks for third straight year....
Photo
China is slapping a 10 per cent tax on cars like the Ferrari GTC4Lusso, Bentley Bentayga and Asto...
   Lifestyle Articles