IMPORTANT NEWS: National Electric Vehicle Sweden has agreed to buy the assets of Saab Automobile and the sale is expected to be finalized during the summer.

Sunday, December 25, 2011

Dongfeng eyeing Saab's assets

On Monday Saab Automobile filed for bankruptcy. Since then Chinese Youngman Automobile Group has confirmed that its interested in buying as much as possible of Saab's assets. There has also been reports that Turkish companies may interested, as well as Canadian Magna. And now even Chinese Dongfeng has been named as an interested party.

Dongfeng Motor Group, which is China's third-largest automaker, is now said to be interested in buying the assets of Saab. This according to China Economic Net. China Economic Net writes that Dongfeng will get competition from a Turkish enterprise for the Saab assets.

My opinion is that I would rather not see Dongfeng or any Turkish company get any Saab assets. My hope is Youngman or Magna and continued life for Saab as a Swedish company, though I realize that is hoping for a lot.