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.

Thursday, April 28, 2011

The situation may be tough, but Saab has an even tougher team!

Another day and another story about the cash crunch saga at Saab. The past few weeks have been more or less like a roller coaster. One day there are lot's of optimism, and the next day new challenges and problems arise. We read about property sale, technology sale, European money, Chinese money, the EIB putting the foot down, the EIB opening to reconsider demands, etc, etc. It is hard to keep track of everything and even harder to know what is true and what is not.

And so I will remind myself, and everybody else, that Saab's Chairman Victor Muller is a financial mastermind. Time and time again he has succeded when noone believed that he would. The effort he put down to buy Saab from GM speaks for itself. And he has saved Spyker from annihilation ever so often. He's capacity to work is unprecedented. And on his team he still has Jan Åke Jonsson, the guy who steered Saab through the raging storms in 2009. And of course Vladimir Antonov, the guy whose heart seems to be beating just as hard for Saab as it is for good business deals. In addition to these now well known men, hundreds of others are working in the background to give Saab a bright future.

The situation may be tough, but Saab has an even tougher team!