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, December 21, 2011

Canadian Magna shows interest, as Youngman arrives in Sweden

Today the management of Youngman arrives in Sweden. The goal is to open discussions with the bankruptcy administrator on buying as much as possible of Saab.

"We have no reason to wait and will make an offer as soon as we can. But it is important to clarify the relationship to General Motors," spokesman for Youngman Johan Nylén told DI.

At the same time it is reported that Canadian Magna International has shown interest. Magna is the huge company (104,000 employees) which was in the last stages of acquiring Opel from GM back in 2009, when GM changed its mind. Magna is one of the world's biggest suppliers in the automotive industry. It did also for several years built the Saab 9-3 Convertible for Saab at its Magna Steyr subsidiary in Austria. Magna has earlier stated that it aimed to develop from its current role as a parts supplier to an expanded role as a global automaker that ranks "amongst the leaders in selling and building electric cars."

But for whoever wants to buy Saab including the technology development department time is of essence like never before. Earlier today TTELA reported that all employees of Saab has gotten a letter of resignation and now key people are of course looking for new jobs. The arrival of such a letter was later dismissed by the unions. But nonetheless, the employees will be let go very soon.

It is a dream scenario if Magna is interested in buying Saab and run the company with manufacturing and development in Trollhättan!