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.

Monday, December 19, 2011

A glimmer of hope

First let me remind you that Saab today filed for bankruptcy. Later today TTELA reported that Vänersborg District Court approved the filing and Saab is now declared bankrupt. It is 99.9 percent certain that no more Saab cars will ever be produced.

That said, after the dust settled this morning, reports came through that the Swedish law opens up for someone to come and buy the bankruptcy estate of Saab. And this buyer can restart the company. Even Victor Muller said this to the news media, and he even claimed that interested parties had been in contact. Also the industry analyst Matts Carlsson said that he believes that Saab can come back. Carlsson even went as far as saying that this could be a strategic move from Victor Muller to eliminate GM's possibility to block a deal with the Chinese.

So there is a glimmer of hope. But I can't stress this enough: this is highly unlikely!