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, April 4, 2012

Mahindra to fight it out with Youngman

Short notice on from today's Dagens Industri newspaper:

Mahindra & Mahindra will fight it out with Youngman to acquire Saab Automobile: Yesterday Saab's bankruptcy administrators said that the bidders have until April 10th to submit final bids. According to sources Indian Mahindra & Mahindra will have to fight it out with Youngman in order to acquire the debt-ridden bankruptcy estate's assets.

So it seems that Dagens Industri's sources say that Mahindra and Youngman are best positioned to win this bidding war. But just a few days ago local Trollhättan newspaper TTELA reported that Mahindra and the Japanese-Chinese consortium were the favorites. In other words, nobody seems to know who are favorites. But notice that Mahindra was mentioned in both reports.