Another Chinese company wants to get a dig at the bankrupt Saab’s businessesTuesday, 03 January 2012
The list of stakeholders wanting to put their hands into the bankrupt at Saab Automobile's estate is growing.
Latest is the mention of Dongfeng, China's third largest vehicle manufacturer, which is reported to want to entre the game. Dongfeng is already a partner with the truck manufacturer Volvo through a joint venture in which the ownership situation is 50/50.
AdvertisementThe state giant is planning to buy Saab's assets and works to improve its technology, according to an anonymous source to the Beijing Times, Automotive News China report by various Swedish media sources.
It is known already by today that interest from Chinese company, Youngman, Indian group Mahindra and an investment company from Turkey are all vying for the deal.
The coming in of Dongfeng is a great indication that Saab is still attractive but the reason why Saab could not be sold was because GM did not want its technology to go to China. The question now is whether that will change with Dongfeng.
By Scancomark.se Team
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