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Indian automaker’s bid turned down by Saab’s liquidators

By FaezClutchless on 03 Jan 2012

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We all know that Saab has filed for bankruptcy and the future of the Swedish automaker is uncertain. Swedish laws allow a bankrupt company to come out of bankruptcy if someone or some company injects the necessary amount of money in order to save it. There were reports that the Turkish government might be interested in the Swedish company.

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And at the same time, Chinese company Youngman has acquired Saab’s Phoenix concept vehicle technology. But rights to the Saab name and also its large manufacturing facility in Sweden is still up for grabs and recently, there were reports that a large Indian automaker is interested in buying parts of Saab.

The unnamed Indian auto company set a meeting with Saab’s liquidators on the 05 January 2012, so that they can discuss terms. The Indian company engaged and sent Lars Carlstrom to meet the Saab’s liquidators. Carlstrom was the same person who represented Russian banker Vladimir Antonov. Sometime this year, General Motors reversed a decision to allow Antonov hold a financial interest in Saab. This was most probably due to alleged reports that Vladimir Antonov had connections with organised crimes.

One of the people appointed as Saab’s liquidators contacted Lars Carlstrom and asked if he was the same person who represented Vladimir Antonov. And when Carlstrom answered yes; he was told that the liquidators do not have any interest in meeting him and the Indian investors.

During an interview with a Swedish news agency, Carlstrom mentioned that he could not find any reasonable explanation for this decision. He felt that it could be due to his previous involvement with Saab and Vladimir Antonov but he doesn’t see how that matters. Lars Carlstrom also mentioned that the liquidators have dismissed a major player who would have been able to acquire the company and secure a future for them.

The Indian auto company who is said to be interested Saab is not revealed but most likely it was Mahindra and Mahindra. The other large Indian automaker is Tata Motors who is also the owner of Jaguar and Land Rover. Mahindra and Mahindra do not have an international auto name under them and it makes sense to say that they could be the one.

It is clear that the Saab saga is still not over yet and we still have not heard about any attempted bids or discussions from the other interested party which is the Turkish government.

Photo credit: autos.yahoo.com and Wikipedia

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FaezClutchless
Written by FaezClutchless
Some say that his blood is actually RON98 petrol and some say that his right foot weighs over 20kg. But all that we know about Faez is that he loves to drive and is a JDM enthusiast.



 
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