Ecclestone And Genii Capital Join Hands To Bid For Saab

Formula One tycoon Bernie Ecclestone and partner Genii Capital emerged as a rival to Dutch super-car maker Spyker Cars NV in making last-ditch efforts to buy General Motors Corp’s( NYSE: GRM) Saab unFormula One tycoon Bernie Ecclestone and partner Genii Capital emerged as a rival to Dutch super-car maker Spyker Cars NV in making last-ditch efforts to buy General Motors Corp’s(NYSE: GRM) Saab unit.

Forbes’ 2009 list estimates Ecclestone and his family’s net worth at $3.7 billion. After two attempts to sell the 72-year-old Saab brand failed in the past two months, GM CEO Ed Whitacre said Jan. 6 that the Detroit carmaker was proceeding with a decision to close Saab and that no qualified buyer had emerged.