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, October 26, 2011

Saab can become Chinese this week

Intense negotiations are still ongoing between Saab and owner Swedish Automobile on one side and Chinese companies Youngman and Pang Da on the other.

According to Dagens Industri, there are influencual stakeholders pushing on for the negotiating parties to reach an agreement. If the parties can agree on a price for Saab,  the company will become fully Chinese owned. DI reports that Swedish Automobile's CEO and major owner Victor Muller wants SEK 4,1 billion for Saab. The amount the company was valued to at the agreement in July. And as we all know, the Chinese only offered SEK 200 million last week.

Also China's National Development and Reform Commission as well as the Swedish Government are said to support a deal where the two Chinese companies take full ownership of Saab.