The word in Sweden is that the new owners of the Renault F1 team GenII and Bernie Ecclestone are in the process of trying to buy the entire Saab Automobile firm from General Motors. This adds a whole new dimension to the purchase of the Renault F1 team and suggest that perhaps when the Renault deal is over, the team might end up being badged as Saab. The company has long been renowned for its innovation and most recently has been working hard on green technology.
The involvement of Ecclestone gives a clear picture of how closely the two parties have been working over Renault F1.
Originally a division of the Svenska Aeroplan AB, an aviation company, Saab Automobile has existed in various forms since 1937 but it was not until the 1950s that the company started building high-performance vehicles. The company was acquired by GM in 1989. The company went into administration in February and the remains of the firm was sold off to various different bidders with designed and production lines going to Beijing Automotive Industry Holding Corporation. The remains of the business was subject to a bid from the Dutch firm Spyker, but the GenII bid may proved to be more desirable for the Swedish government, which wants to keep factories in the country open.