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, February 14, 2012

Administrators still aiming at selling Saab as entire entity

Today the administrators of the Saab bankruptcy had once again called a press conference. This time administrator Anne-Marie Pouteaux answered questions from the press.

The two most important pieces of news from today's press conference were that the administrators are still aiming at selling Saab as one entity, as opposed to in parts, and that none of the interested parties has dropped out.

"A totality solution is still the aim. We have not changed our position in that respect. We are hopeful that it will be possible to sell the estate as one entity," said Pouteaux. An answer which is good to hear for Saab fans all around the world, since this still gives hope of a continued live for Saab.

Bankruptcy administrator Anne-Marie Pouteaux

Last week there were reports that Indian Mahindra would withdraw from the bidding, since GM showed such firm reluctance to licensing technology to any buyer of Saab. But Pouteaux told the press that none of the interested parties has withdrawn so far.

"None of the interested parties has withdrawn," said Pouteaux and continued "There are in other words 6-7 partines at the moment. There are both Swedish and foreign groups which are interested."

So assuming that Mahindra was an interested party in the first place, we can assume that they are still in the race.

Pouteaux would however not comment on any specifics.

"It's about commercial interests. We believe that it may damage an agreement if we are too open about what is going on," said Anne-Marie Pouteaux.

And the administrators still hope to have reached a sales agreement before the end of this month.

"We hope that the process will be quick, and our goal is to wrap it up by the end of February".