Ecclestone in bid for SAAB

[Powered by Cosworth]

Formula 1 boss, Bernie Ecclestone, is in partnership to bid for Saab.
The announcement came shortly after a deadline for expressions of interest in the company passed without any public bids.

Around 3,400 workers at the Swedish motor company, Saab, have passed a tense evening waiting for news of any rescue bid for their company.
Now a second bid has also emerged, from the Dutch sports carmaker, Spyker Cars. It has unsuccessfully bid before.

Mr Ecclestone's offer is in partnership with the Luxembourg-based private investment company, Genii Capital, which recently invested in Renault's Formula 1 team.

http://news.bbc.co.uk/1/hi/business/8447365.stm

[Jag_Warrior]

Once the sale is complete, the cheapest Saab will go for $265,000 and the cars will only be sold in Asia and the Middle East.

F1 boss in last-min Saab bid

Jan 8, 2010
F1 boss in last-min Saab bid

LONDON - FORMULA One boss Bernie Ecclestone has teamed up with a Luxembourg investment firm to launch a last-minute rescue bid for Swedish carmaker Saab, British media reports said on Friday.

Luxembourg-based Genii Capital announced it was interested in making an offer with Ecclestone, just as the deadline for final bids for Saab expired at 2200 GMT on Thursday (6am Singapore time), the BBC reported.

[anthonyvop]

Once the sale is complete, the cheapest Saab will go for $265,000 and the cars will only be sold in Asia and the Middle East.

F1 boss in last-min Saab bid

That may be true but I wish I had a piece of the action.

[Easy Drifter]

But in Turkey each car will come with one (1) ticket to the F1 race.

[DexDexter]

I hope someone will save it, SAAB have always made good, safe cars that have at least a little bit of personality.

[Mia 01]

SAAB is a good car, one of the best. We swedes produces our filofosy to the world.

A bit of Flavio will be good. Go for it!

F1 SAAB!

[millencolin]

My Saab was an unreliable piece of crap. But it was from the gm era. I do hope they are bought out because their older models were mean lookin things

[Daniel]

WTF?

I hope Saab is saved but I hope they go back to making proper Saab's and not just slighty Saaby looking Vectra's.

[Daniel]

My Saab was an unreliable piece of crap. But it was from the gm era. I do hope they are bought out because their older models were mean lookin things

Was it a Saab 900s? My mum has a 900i and tbh it's had a few problems but I think in that day and age Saab's weren't really built for Australian conditions.

[Mark in Oshawa]

And they wont sell them in Canada unless the Quebec, Montreal and Federal Governments cough up some dough....