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.

Sunday, December 11, 2011

A weekend of accusations and disclosures

Another weekend is almost over and a new week in the fight to save Saab is to begin.This weekend has not been as quiet as weekends normally are in the world of Saab. This has been the weekend of accusations and disclosures. I do not know what is true and what is not true, but here is what has been reported in the news this weekend.

On Friday the contents of an internal letter from Victor Muller to the board of Swedish Automobile was revealed. Local Trollhättan newspaper TTELA writes that in this letter Victor Muller points out all wrongdoings by the court appointed administrator of the Saab reconstruction, Mr Guy Lofalk. Among other things, Muller accuses Lofalk of trying to threatening both General Motors and Youngman to agreeing to Lofalk's plans for Saab. He is also accused of entering into a deal with a public relations agency without the knowledge of Saab at a cost of SEK 1.5 million, and no one at Saab knows what this PR agency has done.

To TTELA Guy Lofalk called the letter an attack on his person and said that the criticism is not constructive.

Guy Lofalk has on the other side, has reported Saab to the Vänersbord District Court for incurring new and therefore illegal debt during the reconstruction. Lofalk accuses Saab of taking a debt of EUR 3.3 million. TTELA and Swedish Radio do however claim that this is in fact an income and not a debt.

It has also been revealed by TTELA that last time Guy Lofalk threatened to terminate the reconstruction of Saab, Saab and Swedish Automobile had to guarantee to Lofalk in a written letter that Lofalk would not be held responsible for damages or losses which occur during the reconstruction. Lofalk allegedly also requested that both Youngman and Pang Da should guarantee that he would be held unaccountable.

Let's hope that the coming week will be more constructive.