Posted by: motorvationsaab | March 13, 2012

Youngman Saab Bid. Is it affected?

Latest news on the Youngman bid.

Saab suitor Youngman Lotus have had a small spanner thrown into their works in that a change of ownership has made the Lotus car brand’s future uncertain.
At his time there is a three-month ban on the development of new models after the Malaysian government, which had previously been the majority owner of Lotus Group’s parent company Proton sold its share to the domestic industry group DRB-Hicom. According to Malaysian rules there is now a three-month phase in which only normal sales activity may go on, and everything else is basically on hold.

Youngman have been planning the purchase of Saab, a plan that includes the making of Lotus cars in Trollhattan whilst waiting for the Phoenix platform to be fully ready for the new Saab models. It is uncertain as to how this delay will affect the Youngman company’s plans.


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