Saab bid winner or settled youngster confirms huge offer

According to an external news report, in the end of Saab's M&A offer, the final winner may have been determined in theory. At the same time, Pang Young, chairman of China Youth Lotus Motors, told Swedish media that the media reported that their plan to quote SEK 2 billion was true.

The Swedish media previously reported that Saab's bankruptcy administrators Hans Bergqvist and Anne-Marie Pouteaux set the deadline for quotation to the evening of February 27 local time, so strictly speaking, one company may already have won, but there is no official The news came out, so it was not yet certain.

Pang Yang recently confirmed to Swedish TV station SVT (Sveriges Television AB) and other media that young Lotus is indeed interested in spending 2 billion Swedish kronor (about 300 million U.S. dollars) to acquire Saab at any time. It pointed out that in the end the parties discussed in more detail which assets they could acquire; the most important thing was that Saab vehicles had extremely high safety performance, and young people wanted to continue the brand and related technologies of Everbright and even develop vehicles with higher safety performance.

Pang Young also stated: “Our goal is to acquire the complete Saab and continue to produce cars in Sweden. We hope to create Saab on existing factories and equipment... but Saab CEO Victor Mill has invited too many acquirers. ... Personally, Mr. Muller is appreciated, but he is not wise enough to run Saab, otherwise Saab will not go bankrupt. Mueller can only say that it is difficult to face Saab's business."

Turkey’s Brightwell Holdings announced on February 28 that it would officially withdraw from Saab because GM has not promised to provide the necessary cooperation during the negotiations. In contrast, Young Lotus Motors still firmly stated that it will continue to acquire Saab.