Mahindra & Mahindra has submitted an offer for Saab. This is reported by Swedish media today. Interesting are the few, few details that have come to the public. Lars Holmqvist, CEO of CLEPA, claimed earlier this week that the Youngman Group from China is the only reasonable alternative for Saab.
Because Youngman wants to be the only bidder to continue to produce the current Saab 9-3, freed from GM DNA. Now it became known that Mahindra is pursuing the same plan. On Saab 9-5 and Saab 9-4x will also dispense the Indians. That sounds realistic, a showdown with the American group would be pointless anyway.
As predicted by Saab insiders, everything comes down to a decision between India and China. The Indians, advised by KPMG's auditors, seem determined to buy Saab. That's good news. Once again we have survived a week, the countdown in bankruptcy proceedings is underway, and the big showdown is coming up.
Today, a Youngman delegation, 10 to 15 people strong, will arrive in Gothenburg. In the wake of Youngman founder Pang Qingnian are also representatives of the powerful Bank of China. It will be exciting in the next week, because now it goes into detailed discussions.
Let's say our European bidder, who is still there, will not get a bid. Maybe just because Mahindra and Youngman call "political prizes" for Saab. Let's say the race would be decided between India and China. Who would be better suited to Saab and who do we trust in a responsible development of the car maker from Trollhättan?
The answer is clear and in this case the bidder from the biggest democracy in the world would be my dream partner for our brand with the griffin. Using the example of Tata, we see how well and carefully European brands, Land Rovers and Jaguars, are treated by Indian owners. Using the example of Volvo, we are currently seeing the firewall between Geely and Gothenburg fall, we are experiencing politically motivated decisions. Volvo is under pressure, operating permits for the new plants in China are a means to an end. In the long term, it seems Jaguar / Land Rover will be better off with Tata and Volvo with Geely will have the worse prospects.
For Saab, I wish a good buyer, who finally brings peace and continuity. Who has a long breath. If he came from the world's largest democracy, I would not mind.