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, October 24, 2011

Chinese ready to invest SEK 5.5 billion if they get Saab

Swedish business news reports according to the newspaper Dagens Industri, the Chinese companies Youngman and Pang Da are willing to invest SEK 5.5 billion in Saab if they get control over the company. The money would be used on paying all supplier and subcontractor debts and the remaining would be equity in the company.

When TTELA talked to Gunilla Gustavs from Saab this morning, she did not know where Victor Muller was at the moment, but hoped to be able to say more about Muller's "Plan B" during the day.

"It is not obvious what the next is, but we think that we can give more information during the day," Gunilla Gustavs from Saab told TTELA today.

One thing that needs to be sorted out is the wages to the employees. Wages that are due this week.

Latest report from TTELA says that Guy Lofalk has at least done one last decent thing as the administrator of the Saab reconstruction, and that is to request that the Västra Götaland County Administrative Board (länsstyrelsen) makes the final wage payment under the government wage guarantee. This wage payment will cover the employees wages from October 1 to October 21. The remaining must be paid by Saab.

Stay tuned for more information during the day!