Feb 28, 2012

'Shocked' Brightwell drops Saab bid, blames GM intransigence

'Shocked' Brightwell drops Saab bid, blames GM intransigence

Nearly three months on the Saab story is the same: company makes a bid, General Motors knocks it back. But this time, the latest round of corporate "He said/She said" puts Turkey's Brightwell Holdings on the other side of the table instead of a Chinese company. Brightwell was the other publicly identified bidder for Saab that pledged to make a bid, along with Chinese concern Youngman. Brightwell blames GM "intransigence," a familiar epithet by now, has scuppered the possibility of a deal. GM says that's not the case, rather that a deal for Saab can't include any of the technology licensed from GM.

Autoblog, 'Shocked' Brightwell drops Saab bid, blames GM intransigence

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