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 7, 2011

General Motors never interested in negotiation

The court appointed administrator of the Saab reconstruction, Guy Lofalk, who today applied to Vänersborg District Court to terminate the reconstruction, says in an interview with Dagens Industri that General Motors (GM) was never interested in negotiating over letting new owners into Saab.

According to Lofalk, GM rejected several solutions and the attitude of GM has been part of the reason that he today applied for a termination of the reconstruction.

"There are several factors, but GM's stubborn attitude is obviously an extremely important factor. But the reason we stand here now is because we have run out of money - it is a mathematical and legal decisions we have made, " Lofalk said to DI.

Guy Lofalk himself has been to the USA and met with GM in an attempt to find a solution that the giant car company could accept.

"We tried various ways to get information on how we could structure a proposal which GM could accept, but we got absolutely no guidance at all," says Lofalk, who was surprised by the tough attitude from GM.

"Generally speaking, I was surprised by GM's very stubborn attitude.
In principle they just repeated the same sentence, that there are extremely high barriers and that they see no way forward. We even asked GM: "Can you please tell us how you want it?' And they would not give us any response at all. They did not even open to a negotiation."