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.

Monday, August 22, 2011

Victor Muller working day and night to secure bridge funding

Automotive News has spoken briefly with Saab's CEO Victor Muller, who are working day and night on securing Saab's future.

Through Automotive News Victor Muller urges dealers to keep faith and says that he is close to securing bridge funding that will tide Saab over until mid-October. By mid-October the cash investments by Chinese companies Youngman and Pang Da are expected to be approved and finalized.

Until then the bridge funding is supposed to restart production and keep Saab over water.

"I am working day and night to get this done," Muller told Automotive News. "I am very confident I will be able to pull it off, but we don't need anyone to throw in the towel now."