Renco’s bid for Saab is now officially “news”
May 29, 2009 in News
Saabs United – 9th May, 2009
Several sources have indicated to me that one of the US based bidders is a private investment company based in New York called The Renco Group, which is the parent company of AM General.
Reuters – 28th May, 2009
STOCKHOLM (Reuters) – Swedish luxury automaker Koenigsegg is among the remaining suitors of General Motors’ loss-making unit Saab Automobile, a Swedish business daily reported on Thursday, citing undisclosed sources.
The other front-runner for Saab, which was granted protection from creditors earlier this year, is U.S. financier Ira Rennert and his Renco Group, Dagens Industri reported on its website.
Will people now stop talking about Ripplewood?
Not likely, but I think this saves me from the threat of the nudie run, doesn’t it?
Some may have been watching the Swedish news services enough to know that they’ve been following SU’s commentary in the last few weeks, so in a way, some might say that Reuters may be quoting Dagens, who on odd occasions on this subject may have quoted me. So the logical next question is whether or not this is anything more than just me talking again through several filters?
Well, one would assume that a big service like Dagens or Reuters would do some further digging before committing to print. Me? I’m just a blogger with some excellent connections.
