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, April 24, 2012

Muller lost EUR 13 million on Saab

Tonight Swedish TV4 broad casted a documentary about Saab during the Spyker era. For anyone following Saab the past year, the documentary did not reveal any new information. Maybe with the exception that Victor Muller actually lost as much as EUR 13 million of his own money on Saab. So anyone accusing Muller of enriching himself on the expense of Saab should really reconsider.

Another interesting observation from the documentary was that both Saab's former CEO Jan Åke Jonsson and managing director of Scandinavian supplier body, FKG, Fredrik Sidahl, praised Victor Muller for saving Saab in 2010 and doing his absolutely best to save Saab from bankruptcy last year.

One person who was critical of Muller, was former Swedish Minister of Enterprises Maud Olofsson. And she even made a fool of herself saying something like the following: "Of course GM will not let Saab have the GM technology and sell Saabs in China when GM is already selling cars branded as Ford (!!) based on the same technology."

I think someone needs to learn Olofsson a thing or two about the car industry, for instance that GM does not sell Ford cars!

It is tragic to think that this woman was Minister responsible for the Swedish car industry...