Filed under:
Saab
After
withdrawing its original
$492 million bid for
Saab, Zhejiang Youngman Lotus Automobile has returned to the bidding with a fresh offer of $552 million, according to a report from
Bloomberg. Right now,
Youngman is bidding for Saab against a group comprised of a Japanese investment firm, Sun Investment and Hong Kong-based National Modern Energy Holdings.
As
we told you earlier, the duo of Sun Investment and National Modern Energy Holdings has formed a new company called National Electric Vehicle Sweden, created with the sole purpose of buying up all of Saab's assets.
When approached by
Automotive News Europe and
Bloomberg, a spokesperson for the bankruptcy administration declined to comment on when a decision would be reached.
Youngman bids anew for Saab originally appeared on
Autoblog on Fri, 01 Jun 2012 17:30:00 EST. Please see our
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