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

Property deal more or less finalized

Finally some news that gives us some hope!

According to TTELA, the deal to sell and lease-back Saab's property is more or less finalized.   There is only some formalities that need to be sorted out and this will most likely be done during the coming weekend.  Saab should get the money for the sale in the beginning of next week. The money, SEK 300 million is mentioned, should be more than enough to cover wages this month. Wages have been calculated by Dagens Nyheter to be around SEK 100 million.

At the same Swedish Radio reports that Victor Muller's visit to the US includes a meeting with Saab's previous owner, and now owner of preference shares in Saab, General Motors. It is unknown exactly what Muller's business is by meeting GM, but it is clear that General Motors still has a key role as GM needs to approve all new owners in Saab as well as a sale of the property.