Formula 1 boss Ecclestone joins bid for Saab: BBC
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Last Updated: Friday, January 08, 2010, 15:15
  
London: Formula One motor racing boss Bernie Ecclestone is part of a bid to buy General Motors' struggling Swedish carmaker Saab, the BBC reported.

Ecclestone has joined forces with Luxembourg-based private investment company Genii Capital, which recently invested in Renault's Formula 1 team, the report said.

GM has been trying to sell Saab for a year, and a deadline for bids expired overnight with reports that at least three bids were submitted, including one from small Dutch luxury carmaker Spyker.

GM has been trying to sell Saab for a year, and a deadline for bids expired overnight with reports that at least three bids were submitted, including one from small Dutch luxury carmaker Spyker.


First Published: Friday, January 08, 2010, 15:15


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