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, January 30, 2012

Preparing to discuss trademarks

Today the management of Chinese Zhejiang Youngman Lotus Automobile is expected to arrive in Sweden with the aim to start the discussion with the Saab bankruptcy administrators and place a bid during the week.

According to Swedish Radio P4 Väst, the first group of the Chinese arrived earlier today in Stockholm and the rest, which includes CEO of Youngman Automobile Rachel Pang, are expected later today and tomorrow.

To Dagens Industri the co-administrator Kent Hägglund confirms that the Chinese are expected this week and that one issue to be discussed is the Saab trademarks.

"They want to present themselves and how they view the handling of the trademarks and those issues. Saab AB and Scania are of course also interested in knowing how they view the use of the trademarks, and I suppose that's what they will explain," said Kent Hägglund to Dagens Industri.

And all of the interested parties have expressed the wish that the Saab trademarks are part of the sale of Saab.

"That's the goal for all the interested parties as far as we have understood - that the brand name will remain."