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Not looking good Posted by JerseySaab [Email] (#666) [Profile/Gallery] (more from JerseySaab) on Tue, 5 Jun 2012 03:32:38 In Reply to: does SAAB have a chance anymore?, ryan [Profile/Gallery] , Mon, 4 Jun 2012 18:52:44 Members do not see ads below this line. - Help Keep This Site Online - Signup |
Over on Saabs United it is being reported that the administrators at the last minute decided to break the company into several "packages" in the hopes of getting more money. This seems to have cooled Mahindra's interest and enabled NEVS to only bid on the pieces they are interested in. Meanwhile, Youngman has entered a revised bid for all of Saab which at least temporarily derailed the NEVS express. It seems every month that passes the bankruptcy administrators keep pushing the deadline for a deal back another month while the remains of the company continue to dissolve.
It's a real soap opera. I don't think there is much hope at this point for Saab emerging in a form we would recognize. (Hope I'm wrong...)
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