Swedish carmaker Saab could be seeing the light at the end of a very dark and cold tunnel. Automotive News Europe has picked up a story by Bloomberg that a group led by a Chinese energy company and a Japanese venture-capital firm has placed a bid to buy Saab.
The two main parties in the group are National Modern Energy Holdings, a Chinese company that builds and owns power plants, and Sun Investment, a Japanese firm that focuses in high-tech environmental projects. There are other participants in the group, but these remain unidentified.
The group has formed a company called National Electric Vehicle Sweden AB with the sole purpose of acquiring Saab’s assets. The group declined to comment further on the business plans of the new company. Karl-Erling Trogen, former Volvo AB executive, is the chairman for the newly-formed company.
This is not the first time that Saab has attracted bidders. Youngman, the Turkish government and Mahindra & Mahindra have previously shown interest. However, no company has yet succeeded in winning over the Swedish belle.