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.

Friday, November 25, 2011

Youngman and Pang Da in continuous meetings with NDRC

Today is the day when the last MoU between Swedish Automobile and Youngman and Pang Da will expire. Earlier this week we learned that Pang Da was hoping to finalize the deal within today. But still there has been no word from General Motors if it can accept the deal. All we have heard so far is that they stand by their first "NO".

Today local Trollhättan newspaper TTELA writes that Youngman and Pang Da on Wednesday was in a meeting with China's top economic planning body, the National Development and Reform Commission. It doesn't say what the issue at hand was, but in addition to the purchase of Saab, it would not be a big surprise if they also discussed how to help Saab pay the November wages to the employees. According to Anna Petre at Saab, these kind of meetings have taken place several times lately.

On the other side of the world, in London, England, Vladimir Antonov was arrested by the police on Thursday night. According to different news provider, e.g. TTELA, his bank Snoras in Lithuania is missing $ 1.3 billion and his bank Krajbanka in Latvia is missing $ 191 million. The fear for us Saab enthusiasts is now that some of these money has found its way to Saab as loans not accounted for by the banks. (I am sure that in Saab's books everything is accounted for. After al, they are being checked continuesly by the Swedish Debt Office and the EIB). And now the banks will possible claim their loans back.

What once seemed like a great basis for a movie (the Saab saga), now seems like a great basis for a whole tv-series...