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.

Friday, December 9, 2011

Discussions continue

Yesterday was a quiet day in the world of Saab. We know that key people from Swedish Automobile and Saab are still in discussions with key people from Youngman and an undisclosed Chinese bank.

Yesterday afternoon Victor Muller confirmed to TTELA that discussions continue. TTELA also writes that they interpret Victor Muller as being optimistic.

As reported earlier, the aim now is to reach an agreement which can allow the Chinese to fund Saab, but without taking any ownership in the company. At the same time the Chinese do of course want some sort of guarantee or security that they eventually will get value for money put into Saab.

I do not know if we should expect anything before the weekend is over. But one thing that is certain, is that if Saab wants to continue the reconstruction, then a deal that guarantees funding must be ready before Thursday (corrected from Tuesday) next week. That is the time frame Saab has to give its response to the application from Guy Lofalk asking Vänersborg District Court to end the reconsteruction.