Introducing New Cars: Mahindra

Showing posts with label Mahindra. Show all posts

Sunday, January 22, 2012

Form an Orderly Queue: Receivers Say More Buyers Show Up for Saab

7:44 AM Hell No comments

This is your daily update on the story that is the survival of Saab. Today, we receive news that yet another party is interested in acquiring the Swedish car company, the third in as many days.

Swedish newspaper Dagens Industri confirms last month's report that Indian conglomerate Mahindra & Mahindra is also interested in Saab. Mahindra, which already owns Korean carmaker SsangYong and wants to become “India’s first global cult brand”, joins China's Youngman group and Turkish private equity firm Brightwell Holdings in bidding for Saab.

India's Mahindra & Mahindra Interested in Saab, Turkish Suitor Also pops up on the Radar

6:17 AM Hell No comments

The sad story of Saab is far from over as the court-appointed administrators who are overseeing the Swedish automaker's bankruptcy are now on the lookout for possible investors to either sell parts of the brand or the company as a whole.

In today's news, Bloomberg reports that Mahindra & Mahindra Ltd, a maker of SUVs and a flagship company of the Mahindra Group, which is a multinational conglomerate based in Mumbai, India, is in private talks with Saab's administrators.