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A large German auto maker bids for Saab

By FaezClutchless on 02 Mar 2012

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Many would already know the story of Saab’s bankruptcy and the issues that affect, not only the company but also new owners of Saab cars. In the recent weeks, there have been several offers for the Swedish car maker and one of them is the Chinese company, Youngman, who has invested a small fortune in aiding the troubled automaker.

Attached Image: bmw_logo.jpg

Youngman has tried buying parts of the company’s assets but the administrators who is in charge of liquidating the company are more interested in selling them off as a whole. Other than Youngman, there are several more offers for Saab; an unnamed Indian auto company (rumoured to be Mahindra and Mahindra) and a government-backed Turkish consortium.

And recently, another supposedly major player has entered into the bidding fray of acquiring Saab and although the administrators did not reveal any names but what was revealed was that it is a large German auto company based in Munich. The only large German automaker based in Munich that many people know is BMW and could it be them?

It is no secret that BMW is expanding its portfolio and by acquiring an auto company like Saab, BMW could introduce a new line-up of front wheel drive cars and another possibility is a joint platform between BMW and Saab. BMW also could use Saab’s facility in Trollhattan, Sweden to increase production capacity for, not only BMW cars but also for auto companies that they own such as Mini. The German firm has not confirmed or denied about this report.

Although there have been around 14 enquiries regarding Saab’s acquisition but only around half of that number were considered serious offers. Also reported; whichever company who wins the bid for Saab may not necessarily be the highest bidder but the company must be able to build up the Saab name back in the car making business.

It is clear that the Saab saga has not reached its end point and the future of the Swedish company is starting to look a bit brighter with rumoured reports of major auto players bidding for the company. And if it is BMW who has offered a bid and eventually wins it, I seriously believe that the German firm can assist in keeping the Saab name and we will see more of Saab in the future.

other news, sweden, germany, saab and 7 more...

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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.



  • 1
ER-3682 Mar 02 2012 10:19 PM
BMW lost a fortune about 18 years ago buying Rover,do you think they still want to buy Saab.??
  • 1
 
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