Volvo placed a bid for parts of Saab
February 23, 2012 in News
According to SR/Ekot Volvo has placed a bid for parts of Saab. It seems like the revised bid includes more assets than the original one and is aimed at equipment and tools.
Volvo Cars will have made a bid for a large part of Saab’s bankruptcy estate, said sources of P4 West.
The bid must be extended and go beyond what it had previously been interested in.
- We have already told us that we are interested in parts of Saab. We are in close contact with the administrators, but I can not say anything about a bid. It is up to the administrators to tell about it, says Per-Ake Froberg, at Volvo’s press department.
According to P4 West’s sources, Volvo will buy all the equipment in the factory. Volvo Cars is not interested in having any production in the factory, according to a source familiar with those matters.
Instead, it is likely that the equipment will be moved to China, where Volvo and owner Geely is now building factories or equipment used in the factory in Torslanda, the source said.
Of course it may upset many here that it is Volvo who may want to ship the factory to China but please stay calm. First of all this is something that may only take effect if all parties who want to restart Saab should not get a deal done. The chance that this happens is fairly small as there are indications that some of those have a real desire to get hold of Saab as a whole. Additionally the receivers also want to find the best solution for Saab, the employees and the region. Second, it is a normal thing that any company that is in need of certain machinery shows interest in Saabs assets. This is pure business thinking, not emotional.