Saab employees are now called back to work. They start with the production preparations in the factory, which has been standing still for over five weeks. With the funds flowing from the new Saab partner Pang Da to Saab, a production start-up seems realistic. Pang Da is the largest car dealer or distributor in the People's Republic and sells its products in 23 Chinese provinces. The new partner will buy Saab vehicles worth 45 million, the transaction does not require approval from the authorities, said Saab CEO Victor Muller.
Pang Da is now making a payment on products that will be delivered in the fall to help Saab out of the liquidity crisis. If business really goes like this, Saab history is repeating itself here. Because the first series Saab was also "pre-financed" by the largest Swedish car dealer at the time. Without this funding, there would have been no Saab back then.
So far, only a "letter of intent" has been signed, but the information available gives reason to be optimistic.
It can now take quite a few weeks until the production in Trollhättan gets underway, because simply flip a switch and turn on the light is not enough. In addition, suppliers must regain confidence in Saab.