Saab hasn’t made a car since last March. Its initial deal with the Chinese fell as did every subsequent overtake attempt basically because GM wasn’t willing to give away its technology to the Chinese for free.
Eventually, the company's owner Swedish Automobile ran out of cash and Saab filed for bankruptcy on December 19. The receivers walked in and made preparations to sell the silverware – or so to speak. Sad, but true: Saab has gone the way of the dodo. End of story, right?
Well, surprisingly enough, now that it is being torn apart, suitors come knocking on its door two at a time. Just hours after Youngman’s latest bid, Turkish private-equity firm Brightwell Holdings is the second company that will bid for the bankrupt carmaker.
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