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Youngman to make an aggressive bid for Saab automobile and strategy to ignore GM
Thursday, 19 January 2012
Chinese Youngman plans to make an aggressive bid for Saab Automobile bankruptcy organisation next week. The value of the bid is reported by the Swedish business daily,  Dagens Industri quoting  anonymous source as Skr5 billion.

In addition to the aggressive bid of five billion Youngman is set to invest as much to the development of new models on the platform Phoenix.
According to the Swedish paper, Young's chairman Pang Qingnian and passenger car division president Rachel Pang are to get to Gothenburg and present the bid to those managing the company’s bankruptcy estate.


"The idea is to get started with production of the Saab 9-3 in Trollhättan, 15 weeks after an agreement is signed with bankruptcy managers," the source is reportedly had said tpo the paper.
The sections of the 9-3 that is delivered from General Motors (GM), will be purchased from other suppliers. These therefore ignore GM and cull its bluff to its refusal to sell the company to the Chinese.

"This applies to gearboxes and the engines. But who these new suppliers are remain obscured at this time. Other components related to GM will be delivered from new suppliers with no connection to GM, "said the source of the paper.

According to Dagens Industri Youngman is well aware that Skr5 billion is a heavily overpriced and even be enough to offset the approximately 800 subcontractors who are waiting for money from Saab. But the company is serious to start production and believe that there is strong value n the Saab brand.
By Scancomark.se Team

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