Saab Continue To Look For A Saviour

Saturday, 4. June 2011

Hi, Graham Hill here, thank you so much for visiting my blog, I hope you learn a lot and as a result end up driving a great car. In order to do so you can get all the information you need by buying my book, An Insider Guide To Car Finance or use me to finance your next car. Happy driving.
Blue Saab Automobile wordmark.
Image via Wikipedia

Saab are set for a bumpy ride. No I’m not talking about suspension I’m talking about the proposed bid by Chinese manufacturer Hawtai to buy a 30% stake in its current owner Spyker for £134 million. The cash would have allowed the manufacturer to re-start production after a one month shutdown but the Hawtai shareholders refused to back the bid and approve it. Boss of Spyker, Victor Muller, has reportedly continued discussions with other Chinese companies after flying out to China but after cutting off discussions following the Hawtai bid he looks to be struggling putting the future of Saab in doubt.

Any deal by a Chinese company will need to be approved by the Chinese Government. I find this all very sad as I am a supporter of Saab. I hope they manage to pull it off and survive. Any views on this? Please let me know. By Graham Hill

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