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, August 16, 2011

"I can advice you not to go on vacation this week..."

Here's an uplifting little note. According to a blog entry from one of the writers of Vi Bilägare, which is one the biggest car magazines in Sweden, a reporter from Swedish business paper and news site Dagens Industri yesterday asked Eric Geers, Executive Director of Communication at Saab, if a new funding deal will be ready this week. To which Geers answered the following:

"I can advice you not to go on vacation this week..."

In other words, can we expect a funding deal to be presented this week?

Yesterday over at Inside Saab, Swade wrote an entry about "The Deal". A deal that will carry Saab through the liquidity shortfall and into the future and be the basis to restart production.

I would say that that the signs are pointing towards a solution. But time is of essence!