BMW One of Multiple Bidders Interested in Saab

Jason Siu
by Jason Siu
bmw one of multiple bidders interested in saab

The ongoing saga around Saab’s bankruptcy seems to never end, and this time around there may be six to seven serious bidders for the Swedish automaker, one of which is believed to be BMW.

At their weekly press conference, the company touched on its pressing salary situation for its current employees and mentioned that it would take at least another week to sort things out; but the more interesting news is that the highest bidder may not get the deal, according to Saab. The Swedish automaker is looking for a company that will present the best option for the creditors, employees, and the region the most. Which essentially means that Saab will go to the company that has the money, knowledge, experience, and credibility to continue producing Saab vehicles.

It was confirmed that one of the six or seven bidders was a European automaker based out of Munich, which leads many to believe that it is BMW since the two firms once signed an engine purchasing agreement back in 2010. It would be mighty interesting if BMW is able to come out of this one to not only continue producing Saab vehicles, but using their platforms for their own models and even MINI ones.

[Source: Saabs United]

Join the conversation
3 of 12 comments
  • Finnish Finnish on Mar 20, 2012

    I have 2 saabs. 2007 9-5 with 2-3t and 2008 9-3 with 1.9tid. Of bmw buys saab, i'll trade both my card and get a saab that is owned by bmw.

  • Master-G Master-G on Aug 25, 2012

    Excellent News.! Best possible financial,manufacturing,sales,and not to mention marketing for Saab. The brand would not doubt shine under the banner of BMW. Bravo..!!