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Saab Battle Down to U.S. Billionaire Ira Rennert, Koenigsegg

Although everybody is nowadays keeping an eye on the Opel soap-opera, a similar story takes place in Sweden were three companies are fighting to take over Saab. According to a report by Reuters, the battle for Saab has come down to two investors, namely U.S. billionaire Ira Rennert and Swedish carmaker Koenigsegg, but rumors are claiming that Fiat is also involved in the negotiations.

Dagens Industri, a Swedish business daily, confirmed on Thursday that Koenigsegg is among those interested in Saab but no specific details on its offer were provided. The company's chief executive, Christian von Koenigsegg, refused to comment the news, which is usually the first sign that there's some truth behind the speculation.

Just like Opel, Saab is now seeking an outside investor that could keep it on the floating line. What's really interesting is that Fiat is also involved in the Saab take over, although it has been named favorite to purchase Opel. The Italian automaker recently joined forces with Chrysler, currently under Chapter 11 protection, and emphasized that Opel would be included in a larger European alliance with all its other brands.

Saab on the other hand has often been linked with numerous potential buyers, with the local government confirming a number of parties were indeed interested in the ailing asset. However, no rumored investor has confirmed its interest, despite that General Motors Europe every once in a while stepped in the front of the media and admitted it is negotiating the sale of Saab.

Meanwhile, everybody should focus on the fate of General Motors, which is expected to file for bankruptcy as of June 1, and on Opel, with a new investor likely to be announced these days.
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About the author: Bogdan Popa
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Bogdan keeps an eye on how technology is taking over the car world. His long-term goals are buying an 18-wheeler because he needs more space for his kid’s toys, and convincing Google and Apple that Android Auto and CarPlay deserve at least as much attention as their phones.
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