Speculations concerning the Saab selling saga continue with a new story regarding Genii Capital’s offer for the Swedish unit. It appears that Formula 1 boss Bernie Ecclestone wants to purchase Saab for as much as $1!
The explanation is quite simple: winding down Saab could cost General Motors between $72.5 million and $145 million, according to foxnews, which, in the context of the economic recession, is pretty unacceptable. However, Bernie Ecclestone wants to pay GM 1 dollar (one hundred pen… (read more)