Saab May Sell to Swedish Electric Car Company
Time and time again, China’s Youngman tried, without success, to acquire Sweden’s now defunct Saab, but it looks like an eligible bidder may have finally entered the circle with a opportunity to get the company.
Little is well known regarding the newly-named firm, but former Volvo Trucks head Karl-Erling Trogen is reportedly charge bidder. The organization, has been said for being backed by a Chinese-Japanese consortium with 245 of their 500 shares belonging to an ambiguous company called Sun Investment and 255 held by Mikael Kubu, the President of Sweden’s second-largest attorney.
Until recently, the foremost bidder has been a Chinese firm called Youngman, but repeated attempts to buy the failed company were foils for varying reasons. One of the largest was that former Saab owner, GM, refused to co-operate with the sale over fears that sharing its technology would compromise its own interests in the Chinese market.