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.

Saturday, April 23, 2011

Saturday notes from the media

This post was previously known as Good Friday notes, and then I realized that it's Saturday!

First, Victor Muller talks to CNNMoney on video. He is still very confident about Saab's future:

Everybody is upset with the European Investment Bank, including me.
To Swedish newspaper Dagens Industri, the Director of the Swedish National Debt Office says the following:
- We think they should try to help in this situation, and speed up the process. My feeling is that there is too much bureaucracy in the EIB, says Bo Lundgren.
- I thought that Saab would get a reply before the weekend.
As reported a couple of days ago, also Eric Geers at Saab is upset with the EIB:
- We are a bit surprised that their decision takes so much time. It is for us a mystery.
The CEO of the suppliers association is also upset:
- It is almost unbelievable that the EIB is taking so much time. They do not seem to understand that the situation is getting very serious for more parties than just Saab.
To Svenska Dagbladet, Victor Muller, acting Chairman and CEO of Saab, expresses that he is not happy with the EIB:
- The situation is almost absurd because the EIB does not take any risk. They have the kingdom of Sweden, with its AAA credit rating guaranteeing everything. You can not get a better guarantee than Sweden.

He also tells about Saab's search for a long-term partner in China, with what must become a Victor Muller classic:
- Saab is an attractive bachelor who equally attractive women will want to marry and have beautiful children with in China.