SAAB cars could soon be made in Latvia

28.06.2011, 08:23

Russian billionaire Vladimir Antonov says that if he manages to buy the Swedish car maker SAAB, he could transfer production to Latvia.

In an interview to Dienas Bizness, Antonov said that there are vacant space in Riga and Liepaja that are suitable for production of cars. “We are seriously ready to discuss it,” he said.

At present Antonov is facing the toughest opposition from the European Investment Bank that has lent about 270 million euros to the ailing car-maker.