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 30, 2011

Hopes of "some continued activity" at the Trollhättan factory

In a press release of today, the Saab bankruptcy administrators express hope of continued activity at the Saab Trollhättan manufacturing plant.

Since December 19th the two bankruptcy administrators have met a number of Swedish and international interested parties, which have shown interest in acquiring the whole group of Saab companies or parts of it.

Here's the most interesting part of the press release:

Over the past eleven days, the bankruptcy administration also has met a number of Swedish and foreign stakeholders who have expressed an interest in a possible acquisition of the business or parts thereof. The contacts made ​​so far have been positive and gives real hope that there may be alternatives, and even combinations of solutions that could result in some continued activity and a proper settlement of the bankruptcy estates. In the current situation we can not give a timeframe for when a more concrete option can be presented or when a settlement can be made."

Earlier today Swedish news agency TT reported that General Motors is willing to listen to proposals should there be any interested parties which would like to continue building Saab cars on GM licenses.