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, December 13, 2011

Fresh money can be on the way to Saab

Updated with info from Eric Geers at Saab that so far no money has arrived

Local Trollhättan newspaper TTELA reports that one of their sources say that late last night SEK 34 million to pay governmental taxes and fees arrived at Saab. This amount was paid by Youngman on Friday. Another SEK 180 million is also expected shortly as TTELA's source say that Youngman will pay that ammount on Wednesday. This money should be enough to cover salaries and some more. And it doesn't stop there. Another SEK 90 million is expected within December.

But don't start cheering just yet. Another source of TTELA says that the money has not arrived at Saab yet.

Now, Tuesday morning, Eric Geers of Saab tells TTELA that no money has been received so far.

Today Tuesday TTELA reports that in the latest deal that has been discussed, the Saab technology and development are to be owned by a new company, half owned by Saab and half owned by Youngman. A solution that would give Youngman access and right to Saab technology, but not to the current technology or the Saab brand. A solution that the different stakeholders like General Motors hopefully can accept.

What all this tells me is that there is still hope. There is a reason why no bankruptcy filing was handed in to the court yesterday.