Saab in discussions with Turkish government as possible investor

Article by Christian A., on December 31, 2011

Saab and the Turkish government are in discussions as the bankrupt Swedish automaker seeks an investor to help it recover, German magazine auto motor und sport reported, citing sources close to the carmaker's management. The magazine also said that Victor Muller, the chief executive of Saab owner Swedish Automobile, initiated the meetings after the Turkish government expressed interest in the vehicle manufacturer.

The magazine also stated that discussions were still at a very early stage. The automaker was not available to make a comment.

For 64 years, Saab has been making vehicles. Last week, a court declared the company bankrupt, which ends a nine-month survival battle by its Dutch owner. Muller stated at the time there was interest from investors to control Saab, though any deal would require the approval of the former owner and key license holder General Motors.

Last week, Industry Minister Nihat Ergun of Turkey stated that the government was not interested in Saab. On Friday, Swedish business daily Dagens Industri reported that one of the largest automakers in India may also be interested in buying parts or all of the company. [source: AsiaOne]

Topics: saab, turkey

If you liked the article, share on:

Comments

Recommended

Aside from the officially confirmed BMW 8 Series, the next generation BMW M5 (F90) is getting a lot of attention from the fans, enthusiasts and even potential customers around the...
by - May 27, 2017
Automobili Lamborghini’s preparations for the production of its first ever sports utility vehicle, the new Lamborghini Urus, has reached new grounds as the Italian carmaker is disclosing plans to construct...
by - May 26, 2017
The upscale version of the GMC Yukon body-on-frame sport utility vehicle – the GMC Yukon Denali – has been refreshed for the 2018 model year. It now sports a new...
by - May 26, 2017
The largest gathering of Volkswagen and Audi cars in Europe is underway, and the German premium carmaker is displaying the third model of its G-Tron range at the 2017 Worthersee...
by - May 26, 2017
Have you been wondering how much you have to produce to acquire a 2018 Mercedes-Benz S-Class Facelift? Wonder no more, as Mercedes-Benz has already divulged the pricing – at least...
by - May 26, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries