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 |  Jun 07 2012, 6:02 PM

The what seems to be the never-ending saga of Saab‘s bankruptcy may finally be at an end. It appears that a deal has been struck with the National Electric Vehicle Sweden (NEVS), a Swedish-registered firm that made a bid late last month.

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 |  Dec 06 2011, 7:45 PM


It seems like there’s more people involved that are interested in saving Saab than there are interested in purchasing their vehicles. Nonetheless, the drama continues to unfold as we reported yesterday that the Bank of China would come to save Saab, but the Chinese firm Pang Da is still expressing interest.

Pang Da is still interested in purchasing at least a part of Saab along with China’s Youngman. Both were originally included in Saab’s plan to sell the brand, but recent reports show that the Bank of China would replace Pang Da as the rescuer. The reason for the switch was believed to be caused by opposition from Saab shareholder, General Motors.

Saab did say that they are still in talks with Youngman and an unnamed bank, but declined to comment on Pang Da’s involvement. But Pang Da reassured the public today that they are still interested in a stake in Saab and that they are still in negotiations with them.

The bright side to all of this? It should be over soon, as Saab’s time is running out with unpaid workers calling for the company’s bankruptcy.

[Source: Reuters]