Youngman Extends Another Bid For Saab

Youngman Extends Another Bid For Saab

Just when it seemed Saab would be gone from news headlines for good, Youngman swooped in again to make a bid.

Apparently the company hasn’t given up on getting Saab back up and running. According to Dagens Industri, a Swedish business news organization, the Chinese firm is submitting a £430 million offer, or about $560 million.

They are choosing to make that offer despite GM’s previous sabotage attempts which were meant to keep the company out of Chinese hands. A miniature war was waged last year between Youngman and GM when the American giant decided such a sale would unfairly divulge technology being used in the 9-4X.

Youngman seems unfazed, however, and is continuing their pursuit which will include an additional $520 million being invested. If they actually manage to take the company, they plan to resume production of the 9-3 in April or May.

[Source: Autocar]

x

Subscribe to our email newsletter and automatically be entered to win.