WASHINGTON (AP) --The storied Saab Automobile, now operating under bankruptcy protection, may get another chance soon.
After six decades of building the distinctive teardrop-shaped cars, Saab sought bankruptcy protection in December after its owner, General Motors Co., failed to come to terms with a Chinese company that wanted to take control. At issue were rights to technology that GM did not want to forfeit to potential competitors.
Several potential bids have now been received from international and Swedish investors looking to rescue the carmaker from insolvency. Trustee Hans Bergqvist said that the offers were filed before a deadline Monday, but he declined to specify how many bids were received or how long a deal might take.