When General Motors first put Swedish automaker Saab on the auction block, it was reported that there were nearly 20 interested parties. From there, rumors quickly began circulating that Saab and parent-company General Motors had narrowed down the potential list of bidders first to a half-dozen, and more recently, to just three final suitors. One of those interested parties was reportedly Italian automaker Fiat, but that rumor has since been denied by both Fiat and Saab.
Saab remains confident that the motion to extend its bankruptcy protection for an additional three months will be approved in court and that it will be purchased in whole by one of three remaining interested parties early this summer. Those three parties will not be identified in court documents, according to Saab spokeswoman Gunilla Gustavs, but widespread speculation suggests they include both Fiat and Chinese automaker Geely.
Two weeks ago, Saab indicated that there were nearly 20 parties interested in purchasing the bankrupt Swedish automaker. Today, Saab reports that number has swelled to 27, but an unnamed source (aren't they all?) tells Bloomberg that there are really only half a dozen serious bidders under consideration. Interestingly, that number does not include any rival automakers.