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Mahindra Close To Securing Majority Stake In Saab: Report

Saab has dodged the bankruptcy bullet several times in the last six months, and the Swedish carmaker has always maintained that it was in talks with major carmakers to save its skin. One of those carmakers is believed to be India’s Mahindra, with


Saab has dodged the bankruptcy bullet several times in the last six months, and the Swedish carmaker has always maintained that it was in talks with major carmakers to save its skin.

One of those carmakers is believed to be India’s Mahindra, with the pair consistently linked over recent months with the belief Mahindra is keen to secure a ‘premium’ brand to expand its wares.

A new report from The Financial Times suggests that deal is closer than ever, with Mahindra reportedly on the verge of securing a majority stake in Saab’s owner - National Electric Vehicle Sweden (NEVS).

NEVS reportedly revealed this information itself, through documents filed in the Swedish court which previously granted it temporary bankruptcy protection.

Mahindra has previously expressed an interest in acquiring the Saab brand, most notably when the carmaker went bust in 2011 and around the time NEVS moved in.

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