Mahindra & Mahindra eyeing Saab

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Saab’s future remains uncertain as the manufacturer is yet to find a new home. One of the two parties that have shown immense interest in the bankrupt car maker is our very own Mahindra & Mahindra. The other being an undisclosed Turkish company.

Recently, Bloomberg reported that Mahindra & Mahindra is working on a strategy to buy part or entire of the troubled car maker. Soon, India’s Passenger cars & Utility Vehicle manufacturer will be meeting with court-appointed administrators to work on the acquiring process.

Currently, we are months away from the the final deal to take place but safely expect us to keep reporting on this issue as it progresses. Stay tuned folks.

Source: Bloomberg via Automotive News

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