“Here are some guys who think they can take a shot at this” — TTELA

TTela brings more news this morning — note how eager other governments are where SweGov completely failed to do anything other than talk:

Is it the Turks the receivers are focused on? The answer is ‘yes’ according to Brightwell Holdings.
“I work closely with Victor Muller, the receivers and others from Saab’s management group” says Brightwell’s Zamier Ahmed – which is even confirmed by Victor Muller.

As earlier reported by TTELA, the Turkish investors Brightwell Holdings want to buy what is left of Saab, and they are confident General Motors would welcome such a deal.

Zamier Ahmed, a board member of the company was yesterday in London. He confirms that the interest in Saab is intact.

“We want to keep Saab in Sweden”.

According to Mr Ahmed and Mr Muller, they have been cooperating closely with Saab’s receivers Anne-Marie Pouteaux and Hans L. Bergqvist and others in the management team of the bankrupted company.

“I believe Brightwell has sufficient funding to cope with this deal” says Victor Muller to TTELA.

Zamier Ahmed notes that Brightwell has been monitoring Saab’s development for more than six months and it is the high quality brand name and technology that is attracting their interest. Brightwell with their strong focus on environmental issues, feels that Saab’s technology fits in well with their policies.

They also have the full support of their own government for buying Saab and have previous experience in the automotive industry, among which is a 2010 acquisition of a European electric car. They are also negotiating with an American yet to be named manufacturer.

Red J
Member
4 years 8 months ago

How does this article and the article in a Dutch Fiat blog fit together?

I hope that the mad Dutchies are proven wrong this time.

aZuL2001
Member
4 years 8 months ago

What Dutch Fiat blog ? (link doesn’t work)

aZuL2001
Member
4 years 8 months ago

http://www.autoedizione.nl/2012/01/17/uitbreiding-turkse-fiat-fabriek-mogelijk-dankzij-inboedel-saab/

Well, we know the reputation of some of the media. Let’s wait and see.

larssverre
Member
4 years 8 months ago

I hope that it resolves itself soon and that they do not sell Saab into pieces.

Coke is it
Member
4 years 8 months ago

Brightwell say that GM should be OK with them buying Saab. It sounds like the unnamed American manufacturer they are discussion other business with is GM.

I still hope that Youngman will be the new owner and that they can resume production of the current cars. It’s unbelievable that GM is allowed to act like racists against a potentiell owner.

rune
Member
4 years 8 months ago

Keep in mind that my translation is not 100% accurate and I may have misunderstood certain parts of the original article.

My interpretation of that particular passage is that Brightwell are looking to buy a small manufacturer in the US as well. That does not make much sense to me, but I chose to include it anyway.

Katsura
Member
4 years 8 months ago

Tesla?

rune
Member
4 years 8 months ago

I would rate that as a good guess from what is stated in the article.

In that case, what TTELA reported suddenly makes some sense to me. Brightwell could very well be on to something good if they combine Saab with Tesla IMO.

Troels, Denmark
Member
4 years 8 months ago

Agree!! As I have been writing several times, here and i Swedish media-blogs, I find it very small-sighted from the Swedish Gvtm. to neglect Saab like they have been doing, not at least, because SAAB have a great potential in developing green transportation-technology!!!

Bravada from GMI
Member
4 years 8 months ago

Until GM confirms they’ve even talked to them about it, I am taking it as the same smoke and mirrors as before. The number one job now is to talk to GM, even before talking to receivers – if they want to buy Saab as a going concern, that is.

rune
Member
4 years 8 months ago
GM’s blessing, an investor/company with deep pockets and a fast decision process, that is clearly the ideal picture. But during these past three years I have seen no sign of GM cooperating. I was surprised at the press conference where VM said that GM was very cooperative last summer, so maybe I’m wrong. If someone comes along who takes a slightly different route to get to the finish line, then I think it needs to be considered. GM were unwilling a few months ago to clearly state which terms would be acceptable to them. I think they will continue in… Read more »
ivo 71
Member
4 years 8 months ago
It’s interesting to speculate about it. If YM actually decide to assemble a YM Lotus car in THN (and I assume it will not be a UK Lotus model but one of the Youngman Lotuses they already deal with in their Chinese production facilities) then it would clearly not be for the Chinese market but for Europe and -maybe- the USA. Assembling cars in Sweden and shipping them to China wouldn’t seem to be an economically sound route… well, it would be sheer economical madness. That would mean that they would need to get EU approval and pass the safety… Read more »
JasonVT
Member
4 years 8 months ago

I can see nothing positive about a Chinese transaction that does not include the ability to manufacture the current lineup of vehicles. If this happens there will be too great a gap in manufacturing and this will become a Rover/Roewe Chinese fiasco from which it will be nearly impossible for Saab to recover. I see nothing positive about producing the current Chinese garbage in the Saab plant-it does not make sense economically to do so and who would really want the cars??

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