For days we heard the rumor of an ice age between Vladimir Antonov, the car enthusiast from London, and Victor Muller. At first we did not want to believe it, because Antonov is considered the financier behind Muller. But the rumor remained and today it has been confirmed. Vladimir Antonov is not involved in the current events at Saab.
In an email to the local newspaper, he formulated that "he hadn't been there for months", above all due to the behavior of the government in Stockholm and the Luxembourg bank. Of course, this also explains why the Spyker sale was not completed.
For Saab and the staff in Trollhättan that, once again, is bad news. Because Antonov's millions were so far as a secret backup for Saab also a kind of survival insurance. Without Antonov, the chances of a turnaround have dropped rapidly.
The Saab press release came last night that Muller had been “misunderstood”. There was no money for the wage payments, not even in foreign accounts. That fits in with the statement made to Kronofogden yesterday. The whole thing is an embarrassing carver, in a series of many carvers.
This event is not helpful for Saab and for the credibility of the Saab CEO. It is sad to tragic and does not bode well for us.