Mahindra & Mahindra submitted an offer for Saab. The Swedish media reported today. The few details that have come to light are interesting. Lars Holmqvist, CEO of CLEPA, said at the beginning of the week the Youngman Group from China was the only sensible 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, doesn't get a bid. Perhaps simply because Mahindra and Youngman are calling “political prices” for Saab. Let's say the race would be decided between India and China. Who would suit Saab better and who do we trust the car manufacturer from Trollhättan to develop responsibly?
The answer is clear and in this case the bidder from the largest democracy in the world would be my preferred partner for our brand with the griffin. Taking Tata as an example, we can see how well and carefully European brands, Land Rover and Jaguar, are treated by Indian owners. Using the example of Volvo, we are currently seeing the firewall between Geely and Gothenburg falling, we are experiencing politically motivated decisions. Volvo is under pressure and the operating licenses for the new plants in China are a means to an end. In the long term, it seems, Jaguar / Land Rover will drive better with Tata and Volvo with Geely will have 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.