Want to bid for Saab? Get your paperwork in by April 10
Posted Apr 4th 2012 8:45AM
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Interested in purchasing a Saab? Heck, why not just buy the whole company? If you're in the market, you've got until April 10 to put in a bid, and at present, the only rival you have is China's Youngman.
Chances are, according to the administrators in charge of Saab's liquidation, the sale of Saab assets – which includes Saab Automobile, Saab Automobile Powertrain and Saab Automobile Tools, among others – won't cover the automaker's debt of somewhere between CAD$1.8 and $2 billion (12-13 billion kronor).
Rumor has it that there are a few more potential suitors waiting in the wings, such as India's Mahindra, but none have come out expressing public interest in the bankrupt Swedish brand. Seems everyone is waiting until the last minute to bid, eBay style!
