Update: 15: 07
A short update on the current situation in Sweden. I think we should hear the positive sounds about the situation. The administrator, Guy Lofalk, filed an application for demolition of the 10.00 Watch today. He sees the previous plan as no longer viable and proposes to the creditors a complete takeover of Saab by Youngman and Pang Da. With investors from China, Lofalk sees financing secured in the long term.
Saab, or the owner Swedish Automobile, is against the plan and would like to recall Lofalk as an administrator. The court will now hear the creditors, get a statement from Saab, and decide accordingly. Not today and it seems certain that the reconstruction to the 31. October is continued.
Taking over Lotus Youngman and Pang Da Saab Automobile completely, the location Trollhättan is still safe. Because the trademark rights are closely intertwined with Trollhättan. Whether Muller's plan with an American hedge fund is the better alternative, everyone should decide for themselves.
Next week we will go on poker in Sweden. The fact that the survival of Saab with the Chinese for the administrator is considered safe, we have good chances in the future to see cars from Trollhättan. Even if the way will be a bit bumpy.
A short update, a friend from Stockholm has just told me. Lofalk will be in Beijing next week and will have an appointment there with the NDRC through the Swedish Embassy.
We are not all investment bankers or owners of hedge funds. At least no one has been outed here yet
We look at the new products from Trollhättan. There are, we should consider, exclusive pre-production models presented to us Saab Germany. But as Saab fan and driver we can form an opinion about the future and the new products of our brand.
Because that's the point. No rumors, no speculations. Cars from Sweden, that should count for us.