Saab could be resurrected by Mahindra

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IOL mot jan3 saab . Saab 9-5 Sedan.

While Saab goes through the bankruptcy process, rumours are pointing to a possible resurrection of the quirky Swedish brand by none other than Mahindra & Mahindra of India.

According to Automotive News Europe, Mahindra is hoping to meet with the Swedish administrators who are liquidating the company, with a view to buying either the whole company or bits of it.

Mahindra already owns a 70 percent stake in Korean SUV maker SsangYong and owning a luxury car brand like Saab would give it a wide penetration of the market. However, Mahindra would need to get the go-ahead from Saab's previous owner, GM, before going ahead with such an investment.

GM recently blocked a Chinese investor's attempts to save Saab from bankruptcy, as it didn't want its own technology, still present in Saab products, to land in that company's lap.

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brian, wrote

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06:49pm on 6 January 2012
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The bosses make the money then ditch the company leaving the workers who built the company jobless.

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Anonymous, wrote

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11:57pm on 5 January 2012
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How anyone with an ounce of sense would buy an American car, is beyond me.

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sam, wrote

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10:00am on 5 January 2012
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GM are a disgrace. Most of "their technology" was gained from other brands they swallowed up to gain it, then once they have bled them dry they try to claim it as their own.SAAB had led the world in auto' safety for years, and still have great foresight in developing electric vehicle's. All of which no doubt GM will benefit from.

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Anonymous, wrote

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07:45am on 5 January 2012
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"it didn't want its own technology, still present in Saab products, to land in that company's lap" - Damn Americans are so afraid of the Chinese.

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