Genii Capital, one of the bidders involved in the Saab case, confirmed on Wednesday that it has submitted an improved bid for GM’s Swedish unit Saab, emphasizing that it has what it needs – financially speaking – to take control of the company.
Although General Motors has already started closing Saab – and even hired a firm to handle the process – Lars Carlstrom, the one who represents Genii Capital and Bernie Ecclestone during the talks, said he’s very optimistic that GM could give a respon… (read more)