Investors bid to save Saab

Trustees of bankrupt Saab Automobile said today that they have received several potential bids from international and Swedish investors looking to rescue the car maker from insolvency.

Trustee Hans Bergqvist said the offers were filed before a deadline yesterday, but he declined to specify how many bids were received or how long a deal might take.

Mr Bergqvist previously said between six and seven investors have been eyeing the car brand.

China’s Zhejiang Youngman Lotus Automobile Co told Swedish broadcaster SVT today that it has offered to pay around two billion Swedish krona (€226.6m) for Saab.

Saab filed for bankruptcy in December.