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Saturday, 31 December 2011

From India’s Mahindra Saab said to attract interest

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One of the India’s major sport-utility manufacturing company Mahindra & Mahindra Ltd., is keen to buy at least parts of bankrupt Swedish carmaker Saab Automobile, two people familiar with the situation said.

Mahindra, based in Mumbai, is in the process of trying to set up meetings with the two court-appointed administrators who are overseeing Saab's bankruptcy to possibly buy parts of the carmaker or the whole company, said the people, who declined to be identified because the plans are private.Automobile News

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