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.

Tuesday, August 30, 2011

Well-known financier coming to Saab's rescue?

Yesterday it was reported that Saab was close to securing short- and medium-term funding. Today more information has emerged. According to Peter Hallberg, who is head of the Saab dealers' association, Saab is in discussions with a major and well-known financier.

"It is a major and well-known financier, and such a financier should not rush into this kind of discussion if a deal wasn't possible," Peter Hallberg told Swedish news agency TT.

Hallberg was given this information in a telephone meeting with Victor Muller yesterday.

"It is a major financier and what I know about them from earlier makes me believe this is serious."

Hallberg thinks that a possible reconstruction which has been mentioned as an option, is only a last resort.

"I understood after the meeting how important it is for Victor Muller that Saab settle the account with everybody it owes money," Hallberg said and continued saying that a reconstruction would also involve the Chinese partners as well as Vladimir Antonov, and that would not be the best basis for a continued cooperation with the Chinese and a discussion about a new ownership structure.