Investors bid to rescue Saab Auto

Swedish car manufacturer Saab could be rescued from insolvency after its trustees said a number of interested parties had made potential bids to secure the future of the company.

Trustee Hans Bergqvist said the offers were from international, including some Swedish, investors but he has not revealed how many bids were taken before the deadline or when a decision will be reached.

The figure is believed to be over seven as Mr Bergqvist has previously mentioned there were around this many parties making enquiries.

Chinese car manufacturer Youngman has publicly declared its interest in Saab and bosses said it had offered around £192 million for the company.

Saab Automobile filed for bankruptcy in December.

Copyright Press Association 2012