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Old 31st December 2011, 07:37   #16
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Default Re: Mahindra Considering buying SAAB?

It would be great if they did!
Imagine a revival of the SAAB 900 Turbo but on our roads!
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Old 7th February 2012, 12:29   #17
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Thumbs up After getting Maini and Ssangyong, M&M joins race for bankrupt Saab

"Mahindra & Mahindra (M&M), which is among the four companies to show interest in Swedish automaker Saab, has signed a confidentiality agreement with the bankrupt company and is in the process of finalizing its bid. Sources close to the deal said M&M may tie up its bid in the next 15 days and Kotak Mahindra — which has earlier been the banker for M&M for several big deals, including Satyam — will probably be part of the Saab deal as well."

More news at:

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Old 7th February 2012, 12:46   #18
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Default Re: After getting Maini and Ssangyong,M&M joins race for bankrupt Saab

I think its a bad move . Maini was an entry into a new and emerging segment which Ssangyong was consolidation in a segment where M&M is already a heavyweight and gave them access to higher end tech.
Saab acquisition would be a bad bet since its saddled with high production cost ( high benefits) and a core market (Europe) which is iffy. Its understood that Saab is going to be sold in a piecemeal manner and not to a single buyer, wonder which part of business would interest M&M
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Old 7th February 2012, 13:19   #19
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Default Re: After getting Maini and Ssangyong,M&M joins race for bankrupt Saab

This seems to be a good strategy of M&M. They might be interested only in leveraging SAAB's technology to get into the small car & sedan segment. Specifically they will need help with the Logan's replacement since it's almost approaching the end of lifecycle. Also, with the tax on diesel vehicles looming they need to move away from being a diesel-only manufacturer (90% of their sales are diesel, right ?).

A decade or so ago, M&M was just an MUV/SUV manufacturer. Now they are increasing their footprint to all other segments of transportation (heavy truck/minibus - Mahindra Navistar, Electric cars - Reva, Two wheelers - Kinetic). The car (hatchback/sedan) segment is the only one where M&M's "almost" absent. Hopefully the SAAB buy will help here.
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Old 7th February 2012, 13:22   #20
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Default Re: After getting Maini and Ssangyong,M&M joins race for bankrupt Saab

Quoting from the article -

Quote:
The biggest hurdle in the revival of Saab is regarding technology, which the former owner General Motors (GM) has refused to part with. Sources said GM has made it clear that it will not give intellectual property rights (IPRs) to any buyer for the 9-4x and 9-5 models, leading to the failure of an earlier bid by Chinese automaker Zhejiang Youngman Lotus Automobile. Since then, Youngman has put in a revised offer of 3 billion crowns ($446 million) for Saab, according to new reports.

Not sure why GM is acting so weird when it comes to selling Saab. It's not like Saab/GM has developed some kind of revolutionary car/engine technology. Because if it did, then Saab wouldn't have gone bankrupt in the first place.

If the news item is true, M&M is doing the right thing. In Europe, Saab has a decent brand value and their cars are known to handle well too.

Electric cars -> Maini
"Premium" SUVs -> Ssangyong Motors
Luxury cars -> Saab

It is quite obvious that both Tata and M&M intend to become large global automobile players over the next decade or two.
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Old 7th February 2012, 14:31   #21
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Default Re: After getting Maini and Ssangyong, M&M joins race for bankrupt Saab

If Tata can rejuvenate Jaguar by allowing freedom of design, Mahindra are just as well placed judging by the Scorpio and the XUV500. Just ensure they do not allow the Ssyanyong / Mahindra folks to style the cars though!

Saabs are known for simple, odd ball, thorough, rugged designs - stuff required for India. All it needs it some rejuvination by resurrecting the new 9.5, bring on the proposed 9.4

Use the basic XUV platform + better drivetrains, interiors, and mild exterior changes for a Saab SUV

A lot of work but do-able
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Old 7th February 2012, 15:30   #22
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Default Re: After getting Maini and Ssangyong, M&M joins race for bankrupt Saab

Quote:
Originally Posted by ajmat View Post
Use the basic XUV platform + better drivetrains, interiors, and mild exterior changes for a Saab SUV

A lot of work but do-able
I am sure GM thought the same way when it came to the 1993 refresh of the 900. It was built on a GM platform and almost universally reviled - given the characterful nature the older 900. Pre-1993 SAAB 900 turbo is now a classic. The GM era cars are not, because they lost their essential SAAB-ness.

Sorry @ajmat. Bad idea to re-use the XUV platform. Although, the XUV Mark 2 using a SAAB platform might work better ...
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Old 7th February 2012, 18:29   #23
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Default Re: Mahindra Considering buying SAAB?

It would have made sense for M&M to invest in SAAB aerospace since M&M has a stated objective of entering that space. Don't understand what particularly attracts them in SAAB Automobile.

Or is this some kind of backdoor entry to eventually get access to the SAAB Group?
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Old 7th February 2012, 19:30   #24
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Default Re: Mahindra Considering buying SAAB?

Some of the acquisitions of M&M do defy logic. They are going just about everywhere and not buying the best of the lot in even a single move:
1. Reva: It has been a dud for so long. Battery run cars have a long way to go and M&M could have had its own R&D division to get to the present Reva alternative car. There is hardly anything to cheer about as far as Reva goes. Is it a car or just a shell on a Golf-kart?
2. Ssangyong: Why? IMO this particular South Korean company hardly has anything that fits M&M's strategy. Do these cars look good? No. Anything to cheer about on technology front? No. Then why?
3. SAAB: Again a dead company that nobody wants to touch. The automotive division of theirs hardly makes sense.

What Tata Motors did with JLR was buy a very good brand with decent technology reputation (probably at an expensive valuation).
What M&M is buying is just targeting at stuff that is cheaply available. None of these companies have any brand to bring cheers about.
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Old 7th February 2012, 19:36   #25
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Default Re: Mahindra Considering buying SAAB?

Another news link that also says about M&M's new found interest in SAAB.
'Multi-billion-kronor' bid for bankrupt Saab: report - The Local
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Old 11th April 2012, 03:25   #26
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Default Mahindra makes saab bid?!

April 10th was the last date to put in bids for Saab and there has been a lot of hush hush activity. The known bidders include our very own Mahindra and a couple of usual scavengers, a la chinese.

The administrators are hoping for a $500 million+ offer.

The issues are:
  • Employees have been let go, bringing them back will be an uphill task as the time lapse increases. Also a lot of R&D guys have been poached.
  • Saab presently has only one model viable for production i.e the nearly 15 year old 9-3
  • GM holds rights to all the new models and they aren't playing along so far.
Indian management have proven time and again how they can turn firms around from dire situations, go Mahindra!!


source: Flera intressenter slåss om Saab - Saab - www.ttela.se
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Old 11th April 2012, 03:42   #27
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Default Re: Mahindra Considering buying SAAB?

GM will most likely not license any technology blueprints or IP from Saab to a buyer from China. GM is rapidly growing in China and the last thing they want is their own ex-product competing for their market share in China. If a Chinese company wins the bid, it will be a very interesting situation.

Last edited by NinadJoshi : 11th April 2012 at 03:45.
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Old 26th April 2012, 12:22   #28
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Default Re: Mahindra Considering buying SAAB?

Now Proton owners are looking for chinese buyers for Lotus, imagine the all new 'dung fu flying monkey' Exige!!

I hope Mahindra focuses on Lotus rather than Saab, unlike the Swedish brand with its tarted up GM platforms Lotus is a true technical powerhouse!!
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Old 26th April 2012, 17:11   #29
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Default Re: Mahindra Considering buying SAAB?

Quote:
Originally Posted by shortbread View Post
Now Proton owners are looking for chinese buyers for Lotus, imagine the all new 'dung fu flying monkey' Exige!!

I hope Mahindra focuses on Lotus rather than Saab, unlike the Swedish brand with its tarted up GM platforms Lotus is a true technical powerhouse!!
Lotus offers consulting services for a fee anyway - so you don't need to buy them to utilize their expertise.
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Old 26th April 2012, 17:52   #30
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Default Re: Mahindra Considering buying SAAB?

Quote:
Originally Posted by smartcat View Post
Lotus offers consulting services for a fee anyway - so you don't need to buy them to utilize their expertise.
Why not own the consultants they use. Also their expertise in the automotive sector is widespread. The sports car business has lots of unrealized potential.

Any which way you look at it it a lot better than owning an incumbent Saab!!!
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