facebook
twitter
rss
account
search
search
 

Trustee: Saab has potential bidders

Feb. 8, 2012 at 6:50 PM   |   Comments

TROLLHATTAN, Sweden, Feb. 8 (UPI) -- Insolvent Swedish automobile company Saab has attracted potential buyers, said a bankruptcy trustee, who did not want to reveal names.

The Stockholm News reported Wednesday that Hans Bergqvist confirmed there were "indicative offers" for the car company that shut down production in 2011 when it ran out of cash to pay suppliers and workers.

News reports have speculated the Chinese firm Youngman and the Indian firm Mahindra are in the hunt for Saab.

Bergvist said it would be "some weeks" before a buyer was revealed, the newspaper said.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Hershey's new logo launched, compared to emoji poop
2
The 'Home of the Whopper' to keep headquarters in U.S.
3
Canadian media must broadcast official emergency notifications
4
France receives upgraded aerial tanker
5
Kurds raise oil funds for refugees
Trending News
Video
x
Feedback