saab forums   saab forums

Go Back   Saab Forums > Saab News Forum > Saab News Forum


Saab Forum: "Shocked" Brightwell drops Saab bid, blames GM intransigence
Thread Tools Display Modes
Old 02-29-2012, 12:18 AM
Saab Forums Saab Forums is offline
Join Date: Nov 2008
Location: Royal Palm Beach, Florida
Posts: 489
Default "Shocked" Brightwell drops Saab bid, blames GM intransigence

Filed under: [URL=""]China[/URL], [URL=""]Europe[/URL], [URL=""]GM[/URL], [URL=""]Saab[/URL], [URL=""]Middle East[/URL], [URL=""]Luxury[/URL]


Nearly three months on the [URL=""]Saab[/URL] story is the same: company makes a bid, [URL=""]General Motors[/URL] knocks it back. But this time, the latest round of corporate "He said/She said" puts Turkey's Brightwell Holdings on the other side of the table instead of a Chinese company. Brightwell was the other [URL=""]publicly identified bidder[/URL] for Saab that pledged to make a bid, along with Chinese concern Youngman.

Brightwell blames GM "intransigence," a familiar epithet by now, has scuppered the possibility of a deal. GM says that's not the case, rather that a deal for Saab can't include any of the technology licensed from GM. Brightwell believed that that condition only applied to Chinese buyers, since GM's position that it [URL=""]didn't want to compete with another company[/URL] using its intellectual property was always taken in reference to interest from companies like Youngman and Hawtei.

If GM's position is that it won't license its technology to anyone anywhere, that could alter the landscape for [URL=""]the six to 14 bidders[/URL] rreported to be hovering over Saab's remains. Based on Youngman's last statements, it should still be in the mix, though: it [URL=""]pledged to make a bid for Saab[/URL] that avoids GM-developed vehicles like the [URL=""]9-5[/URL] and [URL=""]9-4X[/URL] and restarts the brand with the new [URL=""]9-3[/URL] on Saab's Phoenix architecture.

Brightman hasn't ruled itself out completely yet. Having spent "millions of euros" on its bid, a firm partner said that if GM is open to discussions then he "will jump on a plane and visit them in Detroit."[URL=""]"Shocked" Brightwell drops Saab bid, blames GM intransigence[/URL] originally appeared on [URL=""]Autoblog[/URL] on Tue, 28 Feb 2012 18:20:00 EST. Please see our [URL=""]terms for use of feeds[/URL].

[URL=""]Permalink[/URL] | [URL=""]Email this[/URL] | [URL=""]Comments[/URL]

Reply With Quote

lose weight

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT. The time now is 12:13 PM.

cars connected social network

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2018, vBulletin Solutions Inc. recognizes that "Saab", it's logos and various model names and numbers are registered trademarks of the General Motors Corporation. These terms are used for identification purposes only. is not affiliated in any way with the General Motors Corporation, Saab or any other company listed herein. All information on this site is the opinion of its members and not the opinion of the site itself. ©2017 Madison Ross Media Group. All rights reserved. Content published on requires permission for reprint.
Need products for your Saab? Check out your options at the links below: