Yesterday we got reports that the Chinese are reconsidering the proposed ownership structure of Saab. It was said that the vehicle manufaturer Youngman would take a smaller stake than originally planned and thus reduce its ownership to a minority stake. At the same time there were talks about possibly a Chinese regional investmen fund entering into the deal.
Today Swedish Radio SR reports that according to Dagens Industri, a third party, probably a regional investment fund, could take as much as 60 percent of the ownership in Saab and thus reduce the stakes of Youngman and the vehicle distributor Pang Da to 20 percent each. This deal would mean that neither Pang Da nor Youngman would alone or together get a stake that would give them control over Saab.
It is believed that this is the new ownership structure that the court appointed administrator of the Saab reconstruction, Guy Lofalk, presented to representatives from General Motors when he visited Washington yesterday.
"Guy Lofalk's proposal is really a trial balloon to GM to get feedback on what they can accept to get the negotiations going", a source said to DI.
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.
