Today the MoU sign between Swedish Automobile and Chinese companies Youngman and PangDa for the Chinese takeover of Saab, expires. But the parties have decided to continue the negotiations.
"All parties have agreed to continue the discussions, but they won't officially sign a new agreement," said Gunilla Gustavs, spokeswoman at Saab Automobile.
Monday last week General Motors (GM) announced that if the MoU to sell Saab to the Chinese companies was followed through, GM would end all license agreements with Saab. And that is why the parties are back at the negotiation table. The hope is that they can reach a sale agreement that GM can accept.
"It is vital that we can agree on a new ownership structure that GM can approve," Gustavs said.
Last week GM got an information pack with answers to all the questions GM had raised concerning the Chinese takeover.
"GM got answers to all its questions last Friday and has had the weekend and Monday to go through the material," Swedish newspaper Dagens Inudstri quoted a source at Saab saying. "It would be strange if they didn't agree to negotiate."
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.
