Some highlightes from the telephone conference:
- Youngman will take a 60 percent stake in Saab and Pang Da a 40 percent stake.
- The deal is expected to be closed within a month.
- The planned joint-ventures between Saab and the Chinese is now unnecessary since Saab will be fully owned by the Chinese and can instead establish subsidiaries.
- Among others, also BMW needs to approve the deal because of Saab's engine purchase deal with BMW.
- The agreement with the Chinese guarantees that production will stay in Sweden, but the Chinese will also start production in China just as planned by Saab.
- Victor Muller considers General Motors as the hardest nut to crack in order to get the deal approved.
- Victor Muller will somehow be involved in Spyker and Saab in the future.
- Pang Da pefect owner as its China's and the world's biggest distributor of cars.
- Youngman ideal owner as they have much experience in vehicle manufacturing and setting up production plants in China.
