Bernie Ecclestone increases bid for Saab as wind down begins - 12/01/2010

Source: fleetnew.co.uk

As the wind down of Saab begins, it has emerged that Genii Capital in partnership with F1 mogul Bernie Ecclestone has increased its offer to buy the company from GM.

Genii Capital entered the bidding process for the stricken Swedish carmaker last week at the final stage before GM closed the process for offers of interest to be registered.

Now it is reported that it is working on improving its offer.