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Six to Eight "Very Large" Companies Interested in Buying Saab

GM's Swedish unit Saab is again making the headlines after Sweden's Industry Minister Maud Olofsson said that six to eight "very large" companies have expressed their intention to buy the automaker. While refusing to provide too many details regarding the interested companies, Olofsson said it's too early to talk about an agreement.

"There are a number of interested parties," Olofsson told reporters according to Automotive News Europe. "There are many who go to apartment viewings, but not everyone is there to buy."

On the other hand, Saab CEO said in early March that five companies were interested in acquiring General Motors' struggling automaker but, once again, refused to provide too many details about the bidders.

"There are about five we want to talk to. There are a couple more we are also looking into. We should see which candidates are serious in the next week and a half,” Jan-Ake Jonsson, Saab CEO said at that time. “I hope in a month or two we will have at least some agreement with somebody."

Back in February, Saab official filed for reorganization under a Swedish court process in order to become an independent company suitable for investment.

“We explored and will continue to explore all available options for funding and/or selling Saab and it was determined a formal reorganization would be the best way to create a truly independent entity that is ready for investment,” said Jonsson said in February.

But even so, the company's future is still in doubt and nobody knows for sure if General Motors will stay at the helm or Saab will indeed manage to become an independent company to get government support and remain in business.
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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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