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.

Tuesday, January 31, 2012

Youngman laywer cocky about Chinese odds of winning Saab

The management of Chinese Youngman arrived in Sweden late last night destined to buy the Saab bankruptcy estate. At least that is what their lawyer and spokesman in Sweden were expressing when he with much confidence talked to just-auto.

"I would not consider anyone else as a serious competitor really," Johan Nylén told just-auto.

He continued saying that the Chinese had "alternative solutions" should GM once again raise objections.

"If we can't accomplish it, we have a fall-back scenario," said Nylén.

A piece of news not too encouraging to any prospective buyer of Saab is that Volvo has already hired 50 former Saab engineers and now is considering another 50 engineers from Saab.

"We have at this stage recruited around 50 engineers from Saab and we have another 50 in a recruitment process without them being signed up as employees yet," a Volvo spokesman told just-auto.