Unidentified companies 'showing interest' in Saab, but Geely isn't one of 'em

The Saab story continues. Automotive News and Bloomberg report that all isn't well with the Swedish automaker's Chinese suitors. Saab still hasn't received the $93 million it needs to continue to operate while it undergoes restructuring. The cash was originally supposed to come from Zhejiang Youngman Lotus Automobile in as little as two weeks after a deal was inked, but the process is apparently taking longer than anyone originally envisioned. At this point, Saab doesn't know when the funds will arrive. The company hasn't produced a single vehicle in as much as six months.

Meanwhile, Chinese automaker Geely is denying reports indicating that the company is interested in jumping into the Saab fiasco. As you may recall, Geely bought Volvo in 2010. At this point, the Chinese company says that its resources are currently occupied running its own Swedish brand.

In the meantime, Saab still maintains that it has several unspecified companies interested in potential future partnerships.

Saab Information


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