Saab bidders agree to restructuring plan

Gasgoo From UPI

Firms interested in bidding for Swedish car maker Saab Automobile have all agreed to a restructuring plan that would come with the purchase, the company said.

"Everybody is behind Saab's business plan," said Saab administrator Guy Lofalk, the Swedish news agency TT reported Tuesday.

The plan calls for centering Saab's operations in Trolhattan in southwestern Sweden, the news agency said.

Out of 27 firms originally looking at the company, Saab has selected two or three as the final bidders, but would not release those names.

"For various reasons they have been considered to be the strongest. The criteria include financial strength and the willingness to take a more long-term approach," Lofalk said.

"The only thing I am prepared to say is that there are different nationalities," he said.

Analysts speculate Chinese automakers and Swedish automaker Koenigsegg joined together with Norwegian funding sources are in the running.

Italian automaker Fiat, which is pursuing a purchase of Opel from General Motors Corp., has also expressed interest in buying Saab.

Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service: buyer-support@gasgoo.com Seller Service: seller-support@gasgoo.com

All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com