BMW interested in Saab - report

 BMW interested in Saab - report
Saab 9-5 SportCombi 24.02.2011

Born from the ultimate driving machine?

BMW and Saab signed an engine purchasing agreement in late 2010, but now there's word the German automaker could be interested in buying out the Swedish company.

Saabs United is reporting multiple sources have confirmed the Munich-based automaker wants to buy Saab and continue to build new models.

Regardless if the rumors pan out, there are reportedly six or seven serious bidders that are interested in buying part or all of Saab. Parties reportedly include Youngman, Mahindra & Mahindra and Turkish private-equity firm Brightwell Holdings.

Interestingly, the administrators overseeing the bankruptcy have revealed that Saab might not be sold to the highest bidder. Instead, the company could go to the bidder whose proposal has the best benefits for creditors, employees and the region.

Related Articles

Add comment

subscribe to comments
comment rules Add comment

Comments (17)

what do people keep insisting on saab, there's clearly not a big enough market for their products. Everyone here praises saab and bla bla bla, but I'm sure saab is not even a first, second, or third choice brand for most here. They're just not attractive or competitive enough in the market.
Feb 22, 2012 2:29 pm
0 0
Saab design with BMW engines is a dream come true, DO IT!!
Feb 22, 2012 11:58 am
0 0
interesting.....maybe bmw will inject some dna into saab's engineering and make them good to drive. I've always had a little bit of a soft spot for Saab, and I hope the right company buys them.
Feb 22, 2012 11:32 am
0 0
Needless to say BMW and Saab would be a lovely match. I liked. I say go ahead. Will give BMW my full support!
Feb 22, 2012 10:19 am
0 0
I would encourge BMW to go ahead as I am waiting long time to have 95
Feb 22, 2012 6:11 am
1 0
what if the same cenario occured in Japan, would it be that employee will work for month to keep plant is running without leting other to degrade the brand, SAAb my dream since I was in 20th years
Feb 22, 2012 6:07 am
0 0
I think this could work! Saab is a great brand
Feb 22, 2012 5:51 am
0 0
Best solution for both. Saab is not an empty place and culturally important thing in Europe. Reithofer probably knows how to use BMW-s money. For Saab it will be a best available way to exist (looking to Mini and Bentley).
Feb 22, 2012 2:54 am
0 0
All fine. Just as long as this doesn't come back to bite BMW... I certainly hope not!
Feb 22, 2012 2:23 am
0 0
Surprising news but I agree with Microice. BMW needs more volume and Saab could fit as a near premium niche brand and allow the additional volume efficiency through platform and powertrain components. The Minis, 1 series and the Saabs could easily be built off existing platforms and share components. I hope we get to see Saabs with BMW engineering.
Feb 21, 2012 7:51 pm
0 0
I never thought that BMW would be interested on Saab, It would be good seeing BMW lending Saab a helping hand.
Feb 21, 2012 6:52 pm
2 0
Hope so as i would like a 9-5 wagon
Feb 21, 2012 6:34 pm
0 0
i dont believe it (not implying that it isnt possible)
Feb 21, 2012 5:43 pm
1 1
Here's hoping!
Feb 21, 2012 5:10 pm
2 0
What? Saab people will say and listen to anything if it has 'buy Saab' in the sentance. Be it true, I'd think it would be a sub premium brand to fight Volvo and VW.
Feb 21, 2012 5:01 pm
4 1
I agree exactly. BMW could definately use Saab to compete with VW.
Feb 22, 2012 11:59 am
0 1
This is become intersting ,, Griffin UP :)
Feb 21, 2012 4:50 pm
2 0