Potential Saab Buyer Hopes to Transform Company into Electric-Only Automaker

By · April 05, 2012

Saab 9-3 ePower

The prototype Saab 9-3 ePower is production ready and, if a potential Saab buyer submits the winning bid, then the Swedish automaker may focus on manufacturing vehicles only of the plug-in variety.

A potential Saab investor sees the Swedish firm as an electric-only automaker. That's according to a report from Just-auto.com, which indicates that an undisclosed joint bid—from investors in China and Japan—has been received. Although details are scarce, the bidders want to position Saab as an electric-only automaker.

Just-auto further reports that the bidders have "serious money" and are considered to be a "serious competitor," in the bidding for bankrupt Saab. The articles states: "They have tabled a bid and are very aggressive—it is a Japanese-Chinese consortium. [It is] a huge consortium together with battery manufacturing—they are planning to make electric cars."

If true, then Saab could soon become one of the few mass producers of automobiles to focus solely on electric vehicles. A decision on the Saab takeover is expected to be announced by mid-summer of 2012, with multiple competing bids in the running.

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