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, October 28, 2011

Live telephone conference with Victor Muller about the sale of Saab

Telephone conference with Victor Muller at 12:15 can be heard live below:

Lyssna: Webbipkanal01

Some highlightes from the telephone conference:
  • Youngman will take a 60 percent stake in Saab and Pang Da a 40 percent stake.
  • The deal is expected to be closed within a month.
  • The planned joint-ventures between Saab and the Chinese is now unnecessary since Saab will be fully owned by the Chinese and can instead establish subsidiaries.
  • Among others, also BMW needs to approve the deal because of Saab's engine purchase deal with BMW.
  • The agreement with the Chinese guarantees that production will stay in Sweden, but the Chinese will also start production in China just as planned by Saab.
  • Victor Muller considers General Motors as the hardest nut to crack in order to get the deal approved.
  • Victor Muller will somehow be involved in Spyker and Saab in the future.
  • Pang Da pefect owner as its China's and the world's biggest distributor of cars.
  • Youngman ideal owner as they have much experience in vehicle manufacturing and setting up production plants in China.