Geely on Deck to Save Saab
Geely, the same company bidding to purchase Volvo from Ford Motor Company, may be on deck to pick up a dwindling Saab. These are interesting times at Saab – previously the auto maker was going to be picked up by Koenigsegg, bringing ownership back to Sweden. Saab has been under GM’s flag for decades. Now that the Koenigsegg deal is off Saab is waiting in the wings – for Geely?
Auto Evolution reports that no such agenda is certain, when asked if Geely is interesting in making an offer for Saab, “Lawrence Ang, an executive director of Geely Auto, quickly reacted: Who knows?” Geely is believed to offer $2 billion for Volvo, although officials involved in the matter refused to comment on the rumors.
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