Update 17: 34
Today, Swedish Automobile (SWAN) holds the Extraordinary General Meeting. Currently, nothing comes from the course to the outside, so we have to wait. If shareholders vote in favor of the planned sale of Saab to Lotus Youngman and Pang Da, SWAN is going to sell at least its biggest debt.
From Sweden there are always positive signals from the new investors from China. Youngman lives up to its obligations, provides liquid funds and thus ensures a successful process of reconstruction. This is a very good sign and shows us the seriousness of the investment.
Also, the future planning at Saab is in full swing. Employees of Saab Automobile from Sweden are in China at Youngman on site to determine future processes and to strengthen the cooperation with further steps.
Currently, there is talk about an extension of the put option to Youngman and Pang Da, which will expire on 15.11. Due to the blockade attitude of GM, this appointment will probably go by unused, so you need a new date.
Behind the scenes there is a lot going on very discreetly on the subject of General Motors. In Detroit, for example, a “compromise paper” was presented to make it easier for our US friends to agree and to build a bridge. Yes, and the Swedish government is also active and trying to make a difference at the political level.
Small steps are what we are doing right now. And we are going in the right direction.
Let's wait and see what happens next, news from the Netherlands will be back.