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, August 11, 2011

New day, new possibilities

A new day and I am sure more Saab news.

Yesterday actually turned out to be an encouraging day. First we got reports that COO of Saab Cars North America confirmed that Saab is in real and substantive talks with potential investors.

Then a little later we got news that Saab CEO Victor Muller and chief designer Jason Castriota currently are assessing five different design proposals for a new small Saab.

And then to round off the day the union representatives after meeting the Saab management said that Saab's future plans were credible and that the August wages seem to be secured.

Lots of positive news!

But there were also a report yesterday that hasn't been covered here yet. According to several media sources, one Spanish supplier named Matrici S. Coop and two German suppliers have made preparations to file for a bankruptcy in Saab due to unpaid bills. According to Reuters, the Spanish company claims that it's owed EUR 2 million, while the two German are owed more than EUR 5 million each. But Saab said that they will meet the Spanish company this week and hopefully come to an agreement. I assume the two German companies are next in line for a meeting.