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, November 22, 2011

Chinese working to secure wages, waiting for response from GM

On Friday this week and Monday next week the wage payments are once again due at Saab. Now Swedish news agency TT has reached Rachel Pang from Youngman and she could tell that both Youngman and Pang Da are working to make sure the employees are paid their wages.

"Both Youngman and Pang Da are looking for a way to pay them. We are discussing how to solve the issue," Rachel Pang told TT.

A few days ago Saab and the Chinese sent an offer to General Motors regarding the issue of technology licenses so that Saab can continue building the Saab 9-3 and 9-5 as well as be supplied the Saab 9-4X from GM. So far there has been no response from GM.
"No response yet," Victor Muller told TTELA earlier today.

One thing that is clear is that the offer sent to GM does not include any changes in the Chinese plan to acquire 100 percent of Saab. Youngman and Pang Da are still aiming at owning respectively 60 and 40 percent of Saab.

We have sent a new offer to GM, that we hope will please them. It is regarding additional commercial conditions," Rachel Pang told TT.

The offer is said to be relatively general and open to negotiations concerning agreements on technology licenses and more.

"We would like to meet them and we have asked for a meeting," Rachel Pang said.