Now it’s India: Mahindra Reportedly Sniffs Around Saab’s Carcass

While the bankruptcy curtain has finally fallen on Saab, the Swedish automaker’s saga continues, as Bloomberg reports that Indian car manufacturer Mahindra is interested in purchasing at least part of the brand and possibly the entire company. Seeing as Mahindra has its own fair share of troubles, namely its long-delayed entry into the U.S. market, the idea of the automaker purchasing anything -- let alone another car company -- seems like bad comedy.

Mahindra is reportedly in the process of setting up a meeting with Saab’s two court-appointed bankruptcy administrators in order to discuss the possibilities. The meeting has yet to take place, and it’s currently unknown what kind of deal will be discussed by the two parties. A Mahindra spokesperson declined to comment on the matter to Bloomberg.

As you may recall from our previous coverage, Mahindra has been trying to import its compact, diesel-powered pickup trucks into the U.S. for years now, and has also toyed with the idea of developing a manufacturing plant here as well, but its efforts have been thwarted at every turn. Saab, on the other hand, was recently denied a last-ditch Chinese lifeline by GM, who has veto power over any potential Saab-saving deal, and is now dead in the bankruptcy water.

Still, according to Bloomberg, Saab CEO Victor Muller has said the company still has a chance to emerge from bankruptcy in some form, as several parties have expressed interest in the now-defunct brand. While Mahindra may be one of those interested parties, we have our doubts that it will be the one to pull Saab from the ashes.

Source: Bloomberg

DispatcherBill
I see little relationship between Mahindra selling trucks in the US and the purchase of SAAB. Your story fails to address if Mahindra has the financial strength to pull off the deal. GM's assanation of the earlier deal has altered my position favoring my bale out ( I am a US taxpayer) of the firm when they were on death's door. This is a great loss of jobs and economic benefit to Sweden and GM should have no say whatever in this matter. Now that the firm is under government control and if a deal to restart production can be pulled off, GM be damned and the deal needs to be done. What's good for the goose is good for the gander.

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