Formula 1 boss Ecclestone joins bid for Saab: BBC

Last Updated: Friday, January 8, 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 8, 2010 - 15:15

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