Dagens Industri reports that yesterday General Motors (GM) got a new proposal from Saab concerning the sale of the company. This is a proposal where the Chinese companies Youngman and Pang Da take a much smaller share in Saab than the 100 percent they have wanted.
According to DI, this new proposal has been negotiated by CEO of Youngman Automotives Rachel Pang, Saab's court appointed administrator Guy Lofalk and Saab's current CEO, Chairman and major owner Victor Muller. In addition to the Chinese, a third non-Chinese party is part of the deal.
"Now there is a proposal on GM's table where the Chinese have backed from the demand of 100-percent control of Saab. There is also a third party involved who is not Chinese," a source told Dagens Industri.
The non-Chinese third party is said to take a stake of more than 50 percent, and the hope is that this is a compromise which can be accepted by GM.
Even Saab could confirm that there is a new proposal on GM's table.
"Now there is a serious proposal on GM's table and it will probably take all weekend before the discussions are complete," Saab's Executive Director Communications Eric Geers told DI.
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