According to a report, bankrupt Swedish automaker Saab is auctioning off its vehicles on display in its museum in Trollhattan. The company is selling the classic displays online, after failing to find a buyer for the entire collection. The collection is now closed except to serious bidders, with the cars available for viewing online.

Bidding on the vehicles closes tomorrow, UPI reported. A total of 131 vehicles are up for grabs, from the 1946 Ursaab, the first Saab ever produced, to modern prototypes. Also on the list are a blue and yellow 1960 racing Saab as well as a 1981 Turbo 900 “Silver Beast,” which was custom-equipped for James Bond, replete with bullet-proof windows and tires, tear-gas ducts and a “SAAB 007″ license plate.

Saab Automobile, which declared voluntary bankruptcy last week, remains determined in its search for a suitor to save it from oblivion. According to reports, the Swedish carmaker is in talks with the Turkish government, after the latter supposedly expressed interest in the carmaker.

Citing sources close to Saab’s management, German mag auto motor und sport reported that the talks have been initiated by Victor Muller, Swedish Automobile’s chief executive, adding that the discussions were still at a very early stage. It was however reported last week that Turkey’s Industry Minister Nihat Ergun said that the government was not interested in Saab.

Elsewhere, another report by Swedish business daily Dagens Industri said that one of India’s largest carmakers may also be interested in buying parts or all of the company. Any deal would however need the approval of former owner and key licence holder General Motors, which blocked the last bid – by the Chinese – to save Saab.

The not-so-pleasant news continues. Saab Automobile, which declared voluntary bankruptcy on Monday, has suspended warranty coverage on all of its vehicles in North America, according to a report. The suspension came into effect the same day the company’s bankruptcy petition was approved by a Swedish court.

Effective December 19, “warranty coverage is suspended indefinitely for all new Saab vehicles sold. During this period, the warranty booklet must be removed from the owner information packet,” Saab Cars North America said in a statement to Automotive News, which carried the report.

The suspension covers new-car warranties as well as powertrain and emission warranties, parts warranty (including safety belts and airbags) and items such as towing, goodwill and recalls/campaigns, among others. All new 2011 Saab models were last covered by a 4-year, 50,000-mile warranty that included roadside assistance, and no charge scheduled maintenance for three years or 36,000 miles.

The Swedish automaker also told its North American dealers that new vehicles must be sold “as is.” According to a Saab spokesperson, the company now has less than 3,000 light vehicles in its US inventory.

General Motors, which owned Saab from 1989 and handled Saab sales and covered warranties until February 2010, has however stated that it will honour warranties on all models sold when it owned the Swedish company.

“In the event Saab cannot or will not fulfill its obligations to administer the warranty programs with its US and Canadian dealers through Saab Cars North America or otherwise, GM will take necessary steps to ensure that remaining warranty obligations on Saab vehicles marketed by GM in the United States and Canada will be honoured,” GM said in a statement.

It’s curtains for Saab Automobile after 64 years in the business, as the last-ditch rescue plan by Chinese investor Zhejiang Youngman Lotus Automobile fell through, the attempt blocked by former owner and key licence holder General Motors. The Swedish automaker, which hasn’t made any vehicles since April, filed for voluntary bankruptcy yesterday, and a court approved the bankruptcy request, reports say.

“After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganisation of Saab Automobile could not be concluded,” Saab’s owner Swedish Automobile said in a statement.

“The Board of Saab Automobile subsequently decided that the company without further funding will be insolvent and that filing bankruptcy is in the best interests of its creditors,” and Swedish Automobile “does not expect to realise any value from its shares,” the statement added. Two receivers have been appointed to run the company.

“There are parties out there that have expressed an interest to pursue a possible acquisition of Saab from bankruptcy,” Swedish Automobile CEO Victor Muller told reporters,. He said that it was now up to receivers appointed to oversee the bankruptcy process to judge such offers, the reports add.

The Saab see-saw continues, and now, there’s a likelihood of liquidation for Swedish Automobile even if the company is sold to Chinese companies Pang Da and Youngman. It seems that the proceeds of the sale – and that of Spyker – may not be enough to pay off creditors.

According to reports, brand owner Swedish Automobile – which has tentative agreements to sell both Saab and Spyker – will consider “all of its options,” including a voluntary liquidation, should the deals go through, the company said last Friday. The transactions – Saab for 100 million, and Spyker for 32 million – are set to raise a combined 132 million euros, though that amount is insufficient to cover the company’s debts of 136.5 million euros, it said.

The company added that a lack of approvals and final agreements on the deals raises questions about the future of Swedish Automobile and any settlement with stakeholders. Earlier in the month, General Motors, which had preference shares in Saab, and which supplies the brand with crucial components, said it would not approve the sale.

The clearance of Saab’s sale is also required from Chinese authorities, the Swedish government and the European Investment Bank. Swedish Automobile’s preliminary agreement with Zhejiang Youngman Lotus and Pang Da is valid until today, November 15.

And the deal is done – Swedish Automobile announced today that Saab will be sold to two Chinese companies for 901 million Yuan, which is about RM435 million or 100 million Euro. The two Chinese companies are Zhejiang Youngman Lotus Automobile and Pang Da Automobile.

The deal comes after long negotiations, which included a previous offer from Youngman and Pang Da to buy 53.9% percent of Saab for 2.2 billion Yuan. It looks like the Chinese companies got a better deal now than the previous one. Earlier in the week Swedish Automobile had said it was terminating the investment deal with both companies, so it looks like all that talk has ended up with a very different walk.

The Memorandum of Understanding for the purchase will be valid until November 15 this year, and in the meantime the sale has to get approval from Chinese regulators, the Swedish government, the European Investment Bank and General Motors, Saab’s former owner.

This is not the first Swedish automaker to end up in Chinese ownership – Volvo is now owned by Chinese company Geely.