Saab are expecting to have new owners buy june 2009 and they expect to return to profit by 2011. According to reports there are up to 20 potential buys looking at Saab, no potential buyers have been identified but it is believed that Dongfeng Motor Corporation from China are one of the interested parties.
This news has come 6 weeks after Saab sought bankruptcy protection from creditors after General Motors said that it would cut all links with unprofitable Saab within the year.
Saab has applied for around £700 million worth of support from the EU and General Motors to aid there bid to become profitable.
In the next 18 months Saab has planned to release 3 new models in the next year and half. If these 3 new models don’t make a big impact on the market then Saab could be in very deep water with no way of floating. This is a big gamble for Saab and hopefully it will pay off.
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