6 Comments
Mahindra Considering Saab Stake: Report Photo:
2014_saab_9_3_aero_02 Photo: tmr
2014_saab_9_3_aero_06 Photo: tmr
2014_saab_9_3_aero_01 Photo: tmr
2014 Mahindra Pik-Up Photo:
2014_saab_9_3_aero_05 Photo: tmr
2014_mahindra_pik_up_02 Photo: tmr
2014_saab_9_3_aero_04 Photo: tmr
2014_saab_9_3_aero_03 Photo: tmr
 
 
Trevor Collett | Jun, 19 2014 | 6 Comments

Indian giant Mahindra & Mahindra is reportedly looking to secure a stake in Saab, as the Swedish carmaker’s future once again hangs in the balance.

According to tech magazine Ny Teknik, Mahindra is looking to become a part-owner of Saab; a report that was also picked up by India’s Economic Times.

Mahindra could reportedly partner with current owner National Electric Vehicle Sweden (NEVS), who initially revived the brand last year.

But last month NEVS revealed that a deal with a key Chinese investor had fallen through, halting production in its Swedish plant while NEVS dealt with ‘short term cash problems’.

A large-scale investment or part-ownership from a carmaker the likes of Mahindra would likely be welcomed by NEVS, with a view to kick-starting production once again and installing some consumer confidence in the Saab brand.

A stake in Saab would reportedly sit well with Mahindra’s future plans, as the Indian carmaker is believed to be keen to establish or acquire a luxury brand.

Mahindra is also keen to offer electric vehicles to its customers, and the convenience of ‘borrowing’ the technology destined for the re-born Saab 9-3 would be another enticement.

Failing any bid to acquire a stake in Saab, Mahindra is also believed to be considering a redesign of its SsangYong brand for the luxury market, but for now the Indian carmaker has declined to comment on any future plans with Saab.

MORE: Mahindra news, Saab news

2014 SsangYong Korando
2014 SsangYong Korando

 
TMR Comments
4 Comments

Finance Calculator

Repayment is : $

Latest Comments
 
The size of your tyre is located on the sidewall of your tyre.
It will be similar to the sample below.