Around Saab Snippets
November 17, 2011 in News
Things are still quiet from Saab, but there are a few things out there that are worth mentioning, even if they are not directly Saab related.
I think all of us remember that Geely had again after 2009 shown interest in taking over Saab (or just the best pieces, who knows) just a few weeks ago. WantChinaTimes report now that they are facing financial troubles:
The Chinese-language Capital Week, however, reported that Li and Geely Group have been stuck in a financial rut. Geely has reportedly started to contact private domestic and overseas equity funds, such as Carlyle and TPG, for fresh funding, in order to repay Goldman Sachs for high-yield bonds. Most of these private equity funds are cautious about the request, due to their concern over Geely’s ability to repay.
