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.

Tuesday, November 22, 2011

GM reaffirms its "NO" to fully Chinese owned Saab

The past days we have gotten reports that Chinese companies Youngman and Pang Da together with Saab have sent a new offer to General Motors concerning GM approving continued technology licensing to Saab when the Chinese companies take ownership of Saab.

Now Dagens Industri reports that GM, with public relations officer James Cain, reaffirms that GM will not continue the supply of technology or complete Saab 9-4X vehicles to Saab should Saab be fully owned by Chinese companies.

According to Dagens Industri, the latest offer to GM included legal guarantees regarding the technology rights owned by GM, money offer to be able to use the technology, agreements about which volumes Saab could produce and how many years the technology licenses would be used.

GM would not confirm that it had received such an offer.

"We have communicated with Saab, but I will not make any further comments on that," James cain told DI.

Mr. Cain also made it clear that as long as the Chinese want to buy all the shares in Saab, GM will not supply technology.

"Let me be clear. Saab and Youngman can do whatever they sseem fit for the company. But if there is a one hundred percent takeover of Saab, it will happen without the vehicles we supply, 9-4X, and without GM's technology."

It can't get any clearer than that. Either the Chinese realize that they can't get full control over Saab, or they have to make Saab cars without GM technology or they can give up on trying to acquire Saab.