For the Saab employees, the situation is slowly getting better thanks to the reconstruction process. August wages are on their way now. September wages will follow when the agency begins work. Saab has now confirmed that every operational process is under scrutiny and that a new CEO is being sought. Victor Muller will give up this position, which he did not particularly like to support - but only out of the situation - and where he thinks there are better candidates for it.
What else is there in Sweden? Our very best friends at Dagens Industri have listed Victor Muller's broken promises. Muller is referred to as "Hans Löften", which anyone can translate. Okay, I'm not a Victor Muller fan, but I like DI even less. The list is impressively long and starts with production figures, profit promises and employee participation and goes on ...
But, sorry to Dagens Industri, that's the snow of last winter, now it's about the future. The, so the Gothenburg sheet looks bad, because the entry of the Chinese is uncertain. Overcapacity on the car market in China is cited as evidence of this. That too is a very old story, we wrote about it in the spring.
Since then, Saab has taken the first two hurdles of bureaucracy. So no reason not to look optimistic into the next four weeks. Although the reconstruction stands and falls with the entry from China, but if in the next few days, the license fees on the Saab accounts arrive, the confidence increases in any case.
The story of the Saab Museum somehow got very close to me yesterday. So I can not quite understand the action and I thought the Swedes are more careful with their own cultural assets. But during the reconstruction the cars are safe. That's good. Steven Wade has written an article on Inside Saab, which assures that there will be no further action of Kronofogden.
Our next appointment, which will be important is the 26. September. There should be 70 Million € available from Youngman. The success of the reconstruction depends on these liquid funds.
We are now on the right course, but not yet safe. The Saab future looks better than a week ago. As always. Fingers crossed !