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.

Thursday, February 16, 2012

Chinese Youngman to return to Sweden next week

Local Trollhättan newspaper TTELA reports that Chinese Saab suitor Zhejiang Youngman Lotus Automobile will return to Sweden at the beginning of next week.

Youngman made an indicative offer on the Saab bankruptcy estate already January 27th. Since then the Chinese have been in discussions with the administrators responsible for selling the Saab assets.

"This week is quiet, but on Monday and Tuesday there is reason to return to this issue," said Youngman's Swedish spokesman Johan Nylén to TTELA.

In addition to Youngman, also Turkish Brightwell Holdings NV has confirmed its interest in acquiring Saab, and yesterday Indian Mahindra & Mahindra also confirmed its interest in a TV interbiew. But these parties have not confirmed to have made any bids yet.