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, June 23, 2011

The hunt for money is on

According to TTELA, Swedish TV reports that Victor Muller now is in the US on a money hunt. Eric Geers from Saab would not comment on what Victor Muller is doing, but he said that filing for bankruptcy or recontruction of the company is not an option at the time being.

Earlier today Geers told TTELA that they are still working on selling Saab's property to raise money, and this deal is still possible. Sweden's Minister of Enterprise said on a press conference earlier today that the Government is ready to approve a property sale, but first Saab needs to reach a deal with the propsed buyers.

In other words, people are working their ass off to save Saab. If they haven't given up, then why should we? I won't.