The Saab bankruptcy saga continues. GM is still unrelenting and Youngman, the Chinese company who had placed a bid on Saab, has pulled out. As of May 7, the bankruptcy administrators are no longer holding weekly press conference, and this seems to suggest the selling of Saab is close at hand. Who will buy it? Will Saab models continue?
Today, it is being reported that a deal may be in the near future. It appears that National Electric Vehicle Sweden is close to buying Saab and that a deal could be announced soon. I am happy that an automotive company might get Saab. But the question still remains, will Saab models continue? Clearly the 9-3, 9-4, and 9-5 cannot because they are all based on GM productes. However, Saab was developing the so-call Phoenix Platform before its bankruptcy. Will this be a platform that National Electric Vehicle Sweden can use to build electric or hybrid cars? Only time will tell.
Another uplifting story in the Saab saga is that earlier this month, the website SaabsUnited raised money to purchase the last 9-3 Griffin. They raised the money and have purchased the car! They intend to donate it to the Saab Museum in Trollhättan, Sweden. This is certainly a shot in the arm for Saab enthusiasts. SaabsUnited is a great website and I invite everyone to follow their blog for all the latest information on the Saab saga.