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SAAB News: Saab's Bankruptcy Attracts Mahindra & Mahindra

William Maley

By William Maley
in SAAB / NEVS

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William Maley

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William Maley

Editor/Reporter - CheersandGears.com

December 30, 2011

Saab's bankruptcy is attracting a lot of companies wanting to buy up pieces of the Swedish automaker. Last week, we reported that Youngman Automotive got their hands on Saab's new Phoenix platform. Now, an Indian automaker wants a piece of the griffin.

Bloomberg reports that Mahindra & Mahindra, an Indian SUV manufacturer, is looking into buying up pieces of Saab. Two people familiar with the situation say the company is trying to set up meetings with the two court-appointed administrators who are overseeing Saab’s bankruptcy.

Neither Mahindra & Mahindra or the two court-appointed administrators could be reached for comment.

Source: Bloomberg


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