By on November 27, 2009

Salvageable? Picture courtesy oregonphotos.com

There still is faint interest in Saab after Koenigsegg had pulled out. China’s BAIC, Merbanco Inc. and Renco Group Inc. have made advances to GM about Saab, says Bloomberg, quoting the usual “two people familiar with the situation.”

According to the report, no written proposals have been submitted and any new bids or other options will be reviewed at a board meeting on Dec. 1.

BAIC said a few days ago that they would “cautiously re-evaluate the situation and make appropriate plans.”

Merbanco is a Wyoming-based investor group. It had lost the bidding in June to Koenigsegg. Renco is owned by billionaire Ira Rennert.

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