Bernie Ecclestone and Genii Capital make a bid for Saab

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Saab is not quite dead yet! In addition to Spyker, another bidder has emerged. This new bidder is closely associated with the Formula One world and should be taken as a serious bidder for this Swedish brand.

The duo behind this bid is a Formula One chief executive Bernie Ecclestone and Genii Capital, the Luxembourg based investment company that recently bought a major stake in the Renault F1 team.

“It’s a good brand that has probably been neglected by the current owners,” 79-year-old Ecclestone said. “We don’t own it yet, so let’s see what happens.”

Time is running out soon and we expect GM to make the decision in the near future.