Saab future: Maud Olofsson on the future of Saab

Maud Olofsson
Maud Olofsson

Today, Maud Olofsson was on the Swedish holiday island Gotland. Every year, before the country falls into a deep summer hole, there is the Almedals Week in Visby. In principle, it's a huge, Swedish, political show that Olof Palme founded over 40 years ago. The legendary Swede and Gotland vacationer stood on the back of a truck and delivered his speech.

The attention was sure. So at least the Swedish legend, which was told to me. Because 1968 I was not in Sweden.

Today it is harder for politicians to attract attention to Gotland. Presumably, none of the current players would have the courage to speak freely on a truck bed in front of the Gotland vacationers.

Back to Maud Olofsson. Although she explicitly did not want to answer Saab questions, it came to this immortal topic. Olofsson had met a few days ago in Stockholm with the delegation of Chinese NDRC.

About the meeting and about the Saab future, she expressed herself with many "ifs" but basically positive. She said “if the Chinese partners have the financial muscles and if the partnership works, then it is something that is sustainable, that can work.” However, “there are still a few steps to be taken”.

It sounds a little hope for Saab, because Pang Da and Youngman would first invest 2.3 billion crowns.

Olofsson described the discussion with the visitors from China as positive, she tried to highlight the "advantages of Saab". She sees the relationship between Geely and Volvo as an example, where a strong financial commitment from the Chinese was also required.

Addressed to the investor Antonov, Minister Olofsson was less talkative. In principle, she does not want to comment on the EIB's reservations about the Russian investor. Maud Olofsson is in close contact with the bank from Luxembourg and she realizes that the frustration in Trollhättan is great. Many problems could have been prevented if Antonov had been admitted as a shareholder.

But, she said, it is a matter for the Luxembourg bank. The government itself would not say “no” to Antonov.

An entirely different picture than the minister tries to portray tells another Swedish politician. Former Minister Mats Odell said today that the government was trying to exert political pressure on the EIB.

This contradicts what Olofsson tries to portray us. However, she admitted to having written letters to the EIB.

Hope for Saab? Hope for a start of production? Hope for a stable Saab future? In any case. In a few weeks we will be smarter.

Text: tom@saabblog.net