By Ronan Glon
Tuesday, Dec 20th, 2011 @ 5:37 am
 
A district court in Sweden declared Saab bankrupt yesterday at about 5:30pm local time.

That doesn't necessarily indicate the end of Saab: Swedish law allows a company to come out of bankruptcy if investors are willing to quickly infuse the necessary amount of cash.

Immediately after the court declared Saab bankrupt, the brand's ex-CEO, announced that two unnamed parties had spoken up to claim Saab, or at least parts of it.

According to Hans Bergqvist, the administrator in charge of liquidating Saab, one of them is Youngman, and the second one is the Turkish government.

The first comes as no surprise. The Chinese company tried to save Saab until the last minute and has invested tens of millions of euros into it over the last few months. Youngman is not letting Saab go without a fight.

A spokesperson for the company said that it was primarily interested in the Phoenix platform that was set to underpin the next-generation 9-3, but that it might also buy other technology that is not dependent on ex-Saab owner General Motors.

The second shouldn't come as a surprise, either. Turkey has numerous auto factories on its territory; Fiat, Renault, Toyota, Ford, and Hyundai all build cars there. What the country doesn't have is its own car brand.

Several months ago, the Turkish Minister of Industry Nihat Ergun voiced his desire for Turkey to have its own automaker.

While this has not been confirmed, it is doubtful that Turkey is interested in buildings Saabs. A more likely scenario is that the country would pick up the Phoenix platform and try to design a car around it to finally launch its own brand.

It is too early to say what will happen next. Anything is possible; Youngman and the Turkish government could even work together on the project.

Whichever option ends up being chosen, it is unlikely that production will remain in Trollhättan.

References
1.'Både Turkiet och...' view