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