Saab has started to show potential investors around its operations and hopes to secure a buyer by mid-year.
GM may be willing to part with Saab for nothing in order to secure a future for the marquee, which it is culling as part of a global restructure undertaken in an effort to survive, reported Financial Times.
Jan Aje Jonsson, Saab’s managing director, said the brand would open its door to about 10 investors groups out of more than 20 that have shown a serious interest.
“We are starting to have presentations on the business in more detail to potential buyers,” said Jonsson, describing them as private equity groups, other financial investors and international carmakers.
Saab would aim to shortlist two to three of these in the coming weeks with the intention of finding an investor by the second half of May or beginning of June.