Saab News: Saab fate day, again

Update: 09: 47

Everything is unclear in Sweden and the Saab day has begun as the day ended yesterday. Two things are where clarity prevails. For one thing, yesterday there was no million dollars flowed via China to Trollhättan, on the other hand, the chance for a demolition of the reconstruction today is almost 100%. Not good. The news is very contradictory and frustrating.

For one thing, Victor Muller promises that the money from China is on the way. On the other hand, Pang Da reports via Reuters that they are no longer bound by the agreement with Saab. Because Saab is now in the redevelopment. Saab denies immediately. Pang Da then delivers a "Letter of Support" afterwards, which is supposed to show support, but is not legally binding.

What's going on behind the scenes has, as always, brought Jonas Fröberg to the point. Saab, he says, is making the final round. And Saab makes his way into the abyss, with the power struggle between Muller and Lofalk playing the crucial role.

The macho fight

Muller and his financier Antonov play a high-stakes game. A game with a chance of total loss. Guy Lofalk, with the help of the government, wanted to solve the EIB loan, then sell the resulting shares to an investor. That would have been the salvation for Saab.

The consequence for Muller would be the immediate total loss of control over Saab. Even the Youngman Deal would have been dropped.

Not acceptable to Muller and his friend Antonov. It is not the first deal the two friends have prevented. Already in March, a Chinese car maker Saab wanted to take complete and failed the duo. They want to play their game to the end, regardless of losses. The consequence: Saab is on the brink.

Investor Youngman

Yesterday, Muller and Lofalk reconciled. For now and media effective. The reconciliation was sent by SMS to the press. The negotiations with Youngman in Stockholm should have gone well. Money has not yet flowed, but it would go ahead.

Just stupid that yesterday the NDRC issued a warning about investing in Saab for Chinese companies.

The Swedish government, apparently not averse to the idea of ​​repaying the EIB loan, is also no longer involved in the current discussions.

Other interested parties

For months we hear about it. Are there really other prospects, as Saab claims? Jonas Fröberg says there can not be any, because the schedule is too tight. Time is running out, and I'm not sure we're talking about a window of hours or days.

At best, the 20 deadline is October, at worst it's today or tomorrow. An old partner of Saab, BAIC, yesterday refused thanks.

Everything depends on the ongoing negotiations and there will not be another chance. If the big deal fails, which Victor Muller wants to punch through, the vultures circle over the stablebacka. They will secure the fillets, but then we will not see a carmaker.

So much for the situation, which is not encouraging. Something positive? Not really. There is also the famous “Saab Factor”. So far it has always brought a last-minute rescue. Maybe it works, maybe it has been trying too hard the last few months. We will see,

Text: tom@saabblog.net

6 thoughts on "Saab News: Saab fate day, again"

  • According to the SWAN press release, the current media reports are based on a "misunderstanding".
    This may not enhance Tom's mood, but not necessarily. My somehow not either.

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      No, the mood can only be increased by a good message. These SWAN messages are not worth the paper they are written on.

      That Antonov is only an investor who wants to get money from Saab was clear to me from the start. These guys are not social welfare or have Saab passion. I have always wondered about the hype surrounding Antonov. Please do not write me anything about the fabulous Dutchman. He is only the appendix of the Russian and not a bit better.

      Now it's down to business and it's a pity about our brand. 🙁

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    I also meant to notice the days with the "change of mood" in the reporting ... I just wasn't so sure.

    Yes, too bad - very bad. 🙁

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    Hello Tom, Dear SAAB fans

    I've been reading your blog for months with excitement and enthusiasm - thank you very much for your valuable and informative news

    Until about yesterday, I have always heard the strong hope and felt, which has always brought me to hope and patience. Since then I only feel resignation in a game that is played by players, where passion, fan, brand inventory etc. only plays a minor role. Much more important in these circles is power, greed and politics.

    As a longtime SAAB fan and patient customer for a 9-5 Vector, that really makes me very sad and, with the best of intentions, I don't know which car to order when the whole thing goes down the drain? All other brands, which are priced at all in the framework, simply cannot outrun the new 9-5 series - really big shame!

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    Hi Tom,
    it's a real tragedy what's going on there…. That's how I assessed VM right away and Antonov anyway ... but it's a shame about SAAB ...

    Of course I hope that it continues, but if not THANK YOU for your very great coverage and this really good blog! Thank you!

    "Sunny" greetings from Saxony ... (Where there used to be a large automotive industry!)

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    For many weeks I follow your comments and information with great interest. If no money solution and
    SAAB is no longer an investment flow! Hard to believe. I think, here is just the last juice
    the lemon pressed. A real shame. But the hope dies last and I hope that SAAB am
    Motor Show in Geneva is also present. Even then, it will take 1 a year until trust in the product is back. Greetings from Switzerland.

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