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.

Wednesday, February 15, 2012

Mahindra executive talks about Saab

Pawan Goenka, President of the Automotive and Farm Equipment sectors of the Mahindra & Mahindra Group, has talked to CNBC TV18 about the thought of acquiring Saab.

I think it's safe to assume that M&M is still very much interested in Saab. And from the news report it looks like there has even been a meeting with the Heavy industry Minister of India regarding Saab.

Here's what CNBC TV18 writes about the news piece:
Pawan Goenka, president of the automotive business at  Mahindra & Mahindra  tells CNBC-TV18 that they may be looking to acquire SAAB's assets because of the benefits that they can derive from it.

"SAAB can bring in some technologies that go into SUVs, it can bring in infrastructure for R&D and it also brings in the global distribution network, but we will see if this is sufficient for us to be interested," he said to Swati Khandwlwal Jain.

"The product range of SAAB is not like a regular Sedan, which you have and they are more off road vehicles though they are not SUVs," he added.