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 4, 2011

Wages to be paid tomorrow

Latest news is that the wages for the white-collar wokers will be paid tomorrow. This thanks to the GEM facility which Swedish Automobile has decided to utilize and thus issue 5 millon new shares.

Earlier today Swedish newspaper Dagens Industri reported that Saab's CEO Victor Muller had found a new US based investor ready to inject capital into Saab. Eric Geers, Saab's Executive Director of Communication, would not confirm this when news agency TT spoke with him today after the Swedish Automobile stock price had risen sharply. Geers said that the information about a US investor did not come from Saab and he even dismissed the report of a US investor as speculative. He could however confirm that Victor Muller has been in the US.

It is not surprising that Saab denies that information about a US investors has been leaked by Saab. Reason being that this sort of news makes the share price rise and thus would give Swedish Automobile more money for the 5 million shares to be issued under the GEM facility.