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.

Wednesday, August 10, 2011

Saab in "real and substantive" talks with potential investors

As reported on Monday, Chief Operating Officer of Saab Cars North America, Timothy Colbeck, spoke at the Motor Press Guild in Los Angeles yesterday. There, according to IBTimes, he told the audience that Saab's parent company, Swedish Automobile, is in "real and substantive" talks with potential investors.

"There are talks going on. Real and substantive talks." Tim Colbeck said, but he declined to name any investors.

From earlier reports in the media, we know that these investors could be US based and even based Brazil. According to local Trollhättan newspaper TTELA, Saab and Swedish Automobile are working on several parallel potentinal solutions on the short term funding needs.

"Yes, we have a lot in the making, but I can not comment on anything until it's finished", says Eric Geers, Saab's Executive Director of Communication, to TTELA.

When asked if the uncertainty in the world economy of lately makes investors less willing to take risk, Geers said: "I have no such information".