Saab in talks with Turkish gov’t, according to reports

Saab Automobile, which declared voluntary bankruptcy last week, remains determined in its search for a suitor to save it from oblivion. According to reports, the Swedish carmaker is in talks with the Turkish government, after the latter supposedly expressed interest in the carmaker.

Citing sources close to Saab’s management, German mag auto motor und sport reported that the talks have been initiated by Victor Muller, Swedish Automobile’s chief executive, adding that the discussions were still at a very early stage. It was however reported last week that Turkey’s Industry Minister Nihat Ergun said that the government was not interested in Saab.

Elsewhere, another report by Swedish business daily Dagens Industri said that one of India’s largest carmakers may also be interested in buying parts or all of the company. Any deal would however need the approval of former owner and key licence holder General Motors, which blocked the last bid – by the Chinese – to save Saab.

© 2011 Paul Tan's Automotive News. All Rights Reserved.

This story originally appeared on Paul Tan's Automotive News on Fri, 30 Dec 11 10:16:32 +0000.

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