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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...)
Posts in this Thread:
- does SAAB have a chance anymore?, ryan , Mon, 4 Jun 2012 18:52:44
- Basically no., Noel, Tue, 5 Jun 2012 07:27:27
- Re: does SAAB have a chance anymore?, Dano in Texas , Tue, 5 Jun 2012 06:00:04
- Not looking good, JerseySaab , Tue, 5 Jun 2012 03:32:38 <-- Viewing This Message
- swade, JohnA , Tue, 5 Jun 2012 06:43:51
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