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.

Wednesday, June 29, 2011

Vladimir Antonov holds press conference tomorrow - now postponed

As "Web Saab Story SAABLOG-IN" has mentioned in the comments section, this press conference has been postponed. The reason given is that Antonov has gotten several engagements concerning Saab that needs to be dealt with.

Vladimir Antonov, the Russian banker who is eager to invest in Saab but still awaits the approval of Sweden's Government and the European Investment Bank, will hold a press conference in Stockholm tomorrow afternoon. This will be an opportunity for him to give his point of view of the current situation that surrounds Saab, and also for Swedish media to ask Antonov questions directly.

As reported earlier today, General Motors has already approved of Antonov as part owner of Saab, but only if GM's preference shares, which holds a convertible bond of $326 millions in Saab, is bought by Saab/Antonov. When asked when this will be done, Eric Geers of Saab said to Swedish Radio: "As soon as possible. We need a system where we can be flexible and govern ourself.

Now GM is waiting for the Swedish Government to contact GM, so that they together can ensure that Antonov is approved.

So stay tuned for more news tomorrow!