IMPORTANT NEWS: National Electric Vehicle Sweden has agreed to buy the assets of Saab Automobile and the sale is expected to be finalized during the summer.

Friday, April 15, 2011

Government decision about Saab's funding plan may come today

Yesterday morning Saab handed in a plan on how to solve the recent cash crunch the company is having to the National Debt Office (NDO). The NDO went throught the plan and sent the plan and their recommendation to the Swedish Government yesterday afternoon. The decision is now in the hands of the Government.

According to Dagens Industri, the Government can make a decision today. The press secretary of the Minister of Enterprise says that a decision will come as soon as possible:
- We have worked both evening and night and will make an announcement as soon as we possibly can, says Maud Olofsson's press secretary Eric Bratthall to on Friday morning.
He declined to reveal any details about the NDO's recommendation:
- The National Debt Office has two issues to consider. One is a proposal on improving liquidity, the second is about the actual question of ownership. The latter will be completed next week. At the moment I can not say what the liquidity improvement is about.
The decision about the liquidity issue can come later today:
- The issue is now dealt with by Minister of Enterprise Maud Olofsson and the officials at the Ministry. A decision will ultimately be made together with Prime Minister Fredrik Reinfeldt. It may be made at an extraordinary cabinet meeting as early as Friday.
- There is no reason to delay a decision and when we're ready we'll take a Government decision, says Erik Bratthall.
Is the Government ready to make a decision today?
- The Government is always in ready and additional cabinet meetings often take place, says Erik Bratthall.
And so we have another day of waiting ahead of us.