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.

Thursday, November 10, 2011

Saab preparing additional in-deph information to GM

After General Motors (GM) on Monday this week made it clear that it will not continue its technology agreements with Saab should Saab be acquired by Chinese companies Youngman and PangDa, intensive talks have taken place between Saab and its current owner Swedish Automobile and the Chinese suitors.

According to Saab, the company is now preparing additional in-depth information packs to GM, to provide GM with answers to issues surrounding the planned sale of Saab. The management at Saab is preparing information which clarifies the new business plan and intentions for the future. The aim is to present this to GM, in order to clarify what the intentions are with the operations in China, and thus seek GM's consent to the transaction through discussion and negotiation.