Tomorrow Saab will meet its creditors at the creditors meeting in connection to the reconstruction Saab is going through. At this meeting the creditors can speak their mind and say whether they believe a reconstruction of Saab into a healthy company is possible or not. To persuade the creditors, Saab will present their plan for the future.
Tonight Swedish TV SVT revealed that the new business plan for Saab involved huge sums of money. During the first two years alone, the new Chinese owners wish to invest SEK 7.5 billion, that's well over EUR 800 million!
First there is SEK 2 billion to pay suppliers and restart the production, but also SEK 5.5 billion to be allocated to development. First of all the development money is to be used to finish the development of the Saab 9-3 replacement. But the Saab management also wants to start the development of a smaller Saab, and the Chinese owners want two bigger Saabs. Earlier the following model names 9-1, 9-6X and 9-7 have been mentioned.
During this weekend the Saab management has been sitting in meetings with the new Chinese owners to be, and together they have made the reconstruction pan.
A blog fueled by enthusiasm about Saab, the greatest car company between the North and the South Pole. And their cars, which probably is the only cars that would start on a cold and crispy South Pole morning.
