2012 Saab 9-4X
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  • 2012 Saab 9-4X
  • 2012 Saab 9-4X
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  • 2012 Saab 9-4X
  • 2012 Saab 9-4X
  • 2012 Saab 9-4X
  • 2012 Saab 9-4X
  • 2012 Saab 9-4X
  • 2012 Saab 9-4X
  • 2012 Saab 9-4X
  • 2012 Saab 9-4X
  • 2012 Saab 9-4X
  • 2012 Saab 9-4X
  • 2012 Saab 9-4X
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  • 2012 Saab 9-4X wheel
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  • 2012 Saab 9-4X and 2010 Saab 9-5
Youngman has made another bid for bankrupt Saab, according to new reports. The Chinese automaker has offered to buy what's left of Saab for $470 million at current conversion rates. The news comes courtesy of Dagens Industri. The newspaper also indicates that's the absolute lowest the Swedish automaker's pledgees and real estate owners will accept to settle the company's impressive debt. The deal would also set aside an additional $1.47 billion to restart production at the mothballed Trollhattan facility. Other foreign automakers are also vying over Saab's remains, including India's Mahindra & Mahindra.

Pang Da, meanwhile, seems to have no interest in continuing to pursue Saab. The company paid out around $59 million for vehicles Saab was supposed to produce. That never happened, and now the Chinese company has had to undergo the unpleasant task of reporting that loss to its investors.

Saab reportedly owes around $1.9 billion at the moment, and its assets are valued at just $532 million.


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    • 1 Second Ago
  • 20 Comments
      CarCrazy24
      • 2 Years Ago
      This is wonderful news, I hope Saab lives to see another day...one of the most unique brands in automotive history. Still would buy the 9-5 Sportcombi in a heartbeat if production is restarted
      space
      • 2 Years Ago
      Young man, there's no need to feel down I said young man, pick yourself off the ground I said young man, 'cause your in a new tow... ugh you get it.
      FIDTRO
      • 2 Years Ago
      I would never buy a Saab, but I really like their new designs, they look so unique and interesting. I hope this deal goes through!!
      K.C.
      • 2 Years Ago
      Few brand have earned the loyalty of SAAB. It's just a matter of time before they strike the right deal. Let's just hope it's not the same ill fated Chinese rebirth given to MG where little remains other than the marque.
      Avinash Machado
      • 2 Years Ago
      The cat with nine lives.
      hmmwv
      • 2 Years Ago
      I'd really hate to see SAAB fade into history, unlike those brands GM got rid off, it still has a lot of unique designs and kept many of its original stuff. Close to $500 million is not pocket change, if this company is willing to pony up that much it shows they are committed. The only question now is whether GM partner SAIC will protest, which I think is the reason why GM even bothered to block the deal in the first place.
      Soyntgo4it
      • 2 Years Ago
      No offense to SAAB cause I like some of what they gave us for products. But I think we just need to let this Brand die. Its to much of a loss and to regain anything is going to be even more of a loss. I dunno to each their own I guess if you got a plan and the money I guess go for it..
      Steve
      • 2 Years Ago
      Well, I think the Swedish government could have and should have done more. Not sure why they didn't. Saabs will sell well all over the world. GM made a mess of things!!! Not sure if a Chinese partner is a good thing.
      You guy
      • 2 Years Ago
      I'd rather have Mahindra pick up SAAB. Apparently their diesel mini-trucks have quite the rep.
      50 AKA Ferrari
      • 2 Years Ago
      I predict this in the year 2020... Mark Zuckerberg of Facebook has placed a bid to purchase SAAB in exchange for $500million worth of Facebook Stock. Every year a different yahoo will claim to want to purchase Saab... it'll be a running punchline.
      Paulo Mabira
      • 2 Years Ago
      http://www.youtube.com/watch?v=CS9OO0S5w2k ahahaha...
      guyverfanboy
      • 2 Years Ago
      When will the SAAB drama end?! This would make for an interesting book though, lol.
        bretaa
        • 2 Years Ago
        @guyverfanboy
        I think someone mentioned on Saabsunited recently that 2 or 3 books are indeed in the works (I don't know if they are Swedish or English language though)
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