Jump to content
Sign in to follow this  

Update: Bernie Ecclestone tied to late-breaking Genii Capital bid for Saab

Recommended Posts

Filed under: GM, Saab


Bernie Ecclestone, the long-time Formula One impresario, has confirmed to Bloomberg that he plans to make a play to buy Saab from General Motors. The pitch is evidently part of the bid by Genii Capital that we told you about earlier today. Genii's last-minute pitch may have been the reason why GM decided to postpone a scheduled board meeting today to determine the Swedish brand's fate.

Ecclestone is clearly a capable business man in light of the billions that he's squeezed out of F1 over the past couple of decades. Whether he's able to translate that acumen into turning Saab into a profitable brand given its history of red ink remains to be seen. Of course, whether Ecclestone and Genii will get the chance in the first place is a more pressing question, as GM would appear to be every bit as likely to sell Saab to Spyker Cars, or perhaps just continue shutting down the brand altogether. Thanks for the tips, everyone.

[source: Bloomberg | Image: Paul Gilham/Getty]

Update: Bernie Ecclestone tied to late-breaking Genii Capital bid for Saab originally appeared on Autoblog on Thu, 07 Jan 2010 18:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments


autoblog?i=24Fgi-ePLrE:o9J9DK5hLjo:wF9xT autoblog?i=24Fgi-ePLrE:o9J9DK5hLjo:V_sGL

View the full article

Share this post

Link to post
Share on other sites

Your content will need to be approved by a moderator

You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Who's Online   1 Member, 0 Anonymous, 24 Guests (See full list)

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets