STOCKHOLM - Luxembourg-based Genii Capital said on Wednesday it had submitted a revised offer to GM GM.UL for ailing carmaker Saab which showed it has the financial muscle to run the firm.

It will show GM that the Ecclestone group is capable of providing financial strength to Saab during a long period of time and also show that the group has the know-how and capability, with its network, to run a company like Saab, Lars Carlstrom, spokesman for Genii, said.

Most important is that Genii-Ecclestone would like to provide information to GM that financing is not an issue for this group.

Genii is backed by Formula 1 mogul Bernie Ecclestone.