Form an Orderly Queue: Receivers Say More Buyers Show Up for Saab

This is your daily update on the story that is the survival of Saab. Today, we receive news that yet another party is interested in acquiring the Swedish car company, the third in as many days.

Swedish newspaper Dagens Industri confirms last month's report that Indian conglomerate Mahindra & Mahindra is also interested in Saab. Mahindra, which already owns Korean carmaker SsangYong and wants to become “India’s first global cult brand”, joins China's Youngman group and Turkish private equity firm Brightwell Holdings in bidding for Saab.

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India's Mahindra & Mahindra Interested in Saab, Turkish Suitor Also pops up on the Radar

The sad story of Saab is far from over as the court-appointed administrators who are overseeing the Swedish automaker's bankruptcy are now on the lookout for possible investors to either sell parts of the brand or the company as a whole.

In today's news, Bloomberg reports that Mahindra & Mahindra Ltd, a maker of SUVs and a flagship company of the Mahindra Group, which is a multinational conglomerate based in Mumbai, India, is in private talks with Saab's administrators.

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Chuck Norris Approved: Bollywood's Singham Movie Trailer

After watching a spectacularly ridonkulous scene from the Indian blockbuster Singham, we're inclined to say that Chuck Norris not only approves this movie and its main character, Inspector Bajirao Singham, but we're guessing that he might have even turned a little bit green from envy.

The Bollywood creation starring Indian actor Ajay Devgn as Singham is packed with action scenes, such as the one where the protagonist pulls out a criminal from a flying Mahindra SUV.

The Indian film was released this past July and it quickly became the highest grossing movie of the year in the country. You can sit back and enjoy the clip right after the break.

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Mahindra Wants to Become “India’s First Global Cult Brand”

M&M is not just a well-known candy but also the name of a part of the Mumbai-based Mahindra Group - an Indian conglomerate with a market value of $17.6 billion that has 119,900 employees in more than 100 countries and is involved in almost everything from banking and agribusiness, to aerospace technology and real estate.

M&M, which stands for Mahindra & Mahindra, is the flagship company of the Mahindra Group and has a presence in both the automotive and tractor businesses. Anand Mahindra, son of one of India’s richest families, leads the company.

Mahindra certainly has great ambitions for his company and SsangYong, the bankrupt Korean manufacturer which he bought in November 2010. Automotive News reports that Anand recently stated “We want to be India’s first global cult brand”.

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