From earlier we know that one of the most crucial approvals needed to realise the Chinese investment in Saab, is the Chinese authorities. Now Reuters reports that China's minister of industry in principle supports Youngman and Pang Da's wish to buy Saab.
When the Minister of Industry was asked if the Ministry would support the deal, Minister Miao Wei said "We support it in principle."
That's the first official word we have heard from Chinese authorities concerning the Saab deal. And it should be taken as a good sign.
Also worth noting from today is the view of Christer Ljungwall, who is docent at Copenhagen Business School, on GM and the Chinese authorities. Ljungwall has several years experience from China both as researcher and aviser.
"GM is a big player in China and does not wish to upset the Chinese authorities. If China says yes [to the deal], it will be difficult for GM to stop the deal," Ljungwall told Swedish news agency TT according to TTELA.
Christer Ljungwall tells TT that he thinks it's hard to interpret the comment from China's Minister of Industry.
"It is a positive signal, but it should not be taken as a clear sign that the outcome will be positive," Ljungwall said.
The final word will be of China's National Development and Reform Commission.
"When it comes down to the NDRC, nobody knows what they will decide until it is official," Ljungwall said.
It think the last part is important to notice. We have read numerous experts saying that this and that deal will never be approved. But frankly, they have no idea what the outcome will be. Only NDRC knows when it is ready to make the decision official.
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.
