The news: http://www.bloomberg.com/apps/news?pid= ... TzSw88UmXI
Joe Saward suggests that if successful, Genii could rebrand Renault as Saab, which makes sense. Of course I wonder how Bernie got involved, and wonder he isn't the force behind the move.
I can see it working. Saab can be gotten for cheap, but the brand needs a reboot in a bad way. Bernie could give it to them via F1. It would make particular sense if he could also get turbos reintroduced, given Saab's heritage there. So Bernie/Genii seems like a better move for the company than Spyker ever could be.
I'm suspicious by nature, so of course I'm wondering if Spyker wasn't making iniquries with Bernie about getting back into the sport, and now Bernie's pulling the rug out from under them with his own bid via Genii.