Yesterday an important hurdle was taken in the form of the creditors' meeting. The reconstruction continues and the Saab business plan has been accepted. Saab is moving towards the future. Even critical publications in Sweden find it hard to find the famous hair in the soup.
The plan to sell 30.000 new Saab in China next year is viewed as very optimistic. In the following year 50.000. Those are the points of criticism. One should take into account that the authorities in China are increasingly considering “purely Chinese brands” for their fleet orders. That was one of the reasons why Volvo was on the shopping list and also one of the reasons why Saab is so interesting for Youngman and Pang Da.
The approval of GM is now considered safe even in analyst circles. Because the NDRC signals for some time approval and the signals are getting stronger. Would GM get involved with the NDRC, especially since you have four factories in China? No, is the opinion of the stock market professionals.
Today the first indication of the NDRC's goodwill came from an official mouth. Minister of Industry Miao Wei told Reuters that he "in principle" supports the purchase of Saab by Lotus Youngman and Pang Da. After many hidden signals, the first statement.
Again and again, Saab drivers ask me how Victor Muller continues. Victor Muller will accompany Saab for a transitional period, if only to maintain continuity. I think Muller deserves all our respect. Although the last few months and some of his decisions were not always in line with our brand, he saved Saab at the time. He should have a place in our automotive heart forever.
The second question that is asked again and again is the price performance of the SWAN share. I am not a stock market guru. Everyone who asked me last Thursday in Dresden, I said to them: “Sell”. If you listened to it, you could make a small profit in the intermediate high.
The stock itself, will probably mutate to Pennystock and stay in the basement. SWAN may hit a black zero on the sale and with the loss of Saab, the substance is limited to only Spyker.
Question Number Three is how to acquire Saab Automobile shares in the future. Saab is sold to 100% to new owners. Lotus Youngman is listed as a major industrial shareholder is not listed.
This is good for Saab, because from the date of sale, the automaker is no longer publicized and thus disappears largely from the business news. The company gets the peace it takes to become fit for the future. There are no shares, however.
But soon new cars from Trollhättan.