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, November 2, 2011

Expert opinion: GM will not stop Saab

Automotive industry expert Michelle Krebs tells Swedish news agency TT that GM will probably not stop the Saab deal. Both because it will be a image problem and for political reasons.

"I believe it would be an image problem for GM as well as a political problem,"  Michelle Krebs (picture) said and continued saying "GM do not want to be the stakeholder that stops Saab. At the same time it does not want to create trouble for itself."

But she thinks that GM will hold on the latest to see what other stakeholders say before it decides.

But GM is not the only stakeholder which will have to approve the sale of Saab to Chinese Youngman and Pang Da.

One of the other stakeholders are the shareholders of Saab's current owner Swedish Automobile. And they will have their say on an extraordinary general meeting for shareholders later this year or early next year. There will however be held an extraordinary general meeting on November 11 where the shareholders will be given further information about the structure of the new transaction with Pang Da and Youngman, and where the shareholders can discuss the transaction.