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 10, 2012

Youngman wants Saab in its entirety

After three weeks of talks, discussions and due diligence, Chinese Youngman now confirms to local Trollhättan newspaper TTELA that the company wants all of Saab.

Earlier reports have said that Youngman was returning to Sweden shortly to pick up the talks with the administrators where they left off before Christmas. But now Youngman's spokesman and legal advisor in Sweden Johan Nylén tells TTELA that Youngman has already been in Sweden.

"The fact is that they have already been here and left," Nylén said.

Nylén would however not say what had come out of Youngman's latest visit to Sweden.

"The negotiations are at a sensitive stage, but we keep working and our serious interest of Saab in its entirety remains."

When asked if this means that Youngman wants to keep Saab in Trollhättan for at least the near future, Nylén said: "Yes, that is our plan at this time."

In other words, both Chinese Youngman and Turkish Brightwell Holdings, which has also confirmed its interest in acquiring Saab, say that they will keep the Saab production in Trollhättan.