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.

Thursday, May 12, 2011

The deal with Hawtai about to collapse?

Svenska Dagbladet (SvD)reports today that the deal with Hawtai can collapse and Victor Muller is preparing to go back to China to negotiate with other Chinese car manufacturers.

According to SvD's sources, Hawtai had second thoughts when they say the situation at Saab when they visited Trollhättan last week. Hawtai then demanded to renegotiate the deal. The deal that was presented on Tuesday last weeks was only a framework agreement and has several exit possibilities for Hawtai. reports that the two companies have until this Friday at 14:00 to reach an agreement, or else the deal will be off.

The challenge now will be to mend the relationship with the Chinese companies that where not chosen in the first round. According to SvD, many of those Chinese companies feel deceived.

To SvD Victor Muller says the following:
- I have no comments. When we have something to communicate, we do so with a press release on Spyker's website. It has been our policy in recent months.
Svenska Dabladet also writes that BAIC, Great Wall Motor and Youngman Automobile were all upset with Muller when Saab made the deal with Hawtai. According to a source in Youngman's managment, they had a written agreement with Spyker that Spyker could not negotiate with any other Chinese company when they were negotiating with Youngman.

The Saab saga continues...