A Chinese consortium is the most likely buyer of crisis-struck Saab, according to online betting odds, while Volvo is a wild card.

American car giant General Motors has announced their intention to sell the Swedish brand Saab. But who will be the buyer?

According to online betting company Ladbroks, a Chinese consorsium is the most likely new owner. Geely Automobile, a unit of China’s largest private automaker, is said to be one of the three remaining bidders. It’s an odds at 2.50 saying a group of Chinese companies will take over Saab.

A Swedish consortium holds the second lowest odds, followed by Fiat and a German consortium.

Few gamblers find it likely that the Swedish competitor Volvo will be the new owner, giving odds at 50 times the money.

“It’s seems rather absurd that Volvo would be the new owner of Saab”, writes the tech site Teknik360 as comment to the proposed merger.

During the global economic turbulence, gambling on financial products is getting more popular, according to the betting company.
“The demand for games within social progress is high during the current financial crisis”, says Lasse Dilschmann, Nordic CEO at Ladbrokes.


Who will be the new owner of Saab?