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Brightwell Holdings, a Turkish private company has shown keen interest in bailing out bankrupt car manufacturing company, Saab. Speaking of this intention, a spokes person of Brightwell Holding has said that they would be looking into the assets or Saab before making their move.
Ford, Fiat and Renault have set up plants in Turkey and are catering to the country's needs even though Turkey does not have an auto manufacturing company of their own. Automotive expertise is aplenty in the country and it is this that would come to the aid of turning a now insolvent company around.
With Brightwell now showing keen interest it is now got to compete with Youngman who are also keen on taking on Saab and will be putting in their bid as early as next week. One will have to wait and see which company is successful in taking over Saab and turning round their situation financially.
