You always meet twice. At least. We had already prematurely adopted our unpopular “patience” word in early retirement. Now it is active again and has us under control more than ever. The situation in Sweden is partially contradictory, but some facts emerge regarding GM, Victor Muller and the Swedish state.
It's clear that you're in no hurry to decide in Detroit. Depending on how one stands for Saab, the press in Sweden writes about a few weeks, which might take time to finally agree. Because, between the lines, it is readable, one of consent finally goes out. Whichever price you would pay for it. This is not a problem for GM, for Saab. Because every week standstill weakens the car manufacturer, the customers move away and the dealers withdraw. So why not wait another four weeks.
The Swedish state is becoming more and more active behind the scenes. Efforts are being made to become a Saab on diplomatic and probably other ways both in China and in the US. Government officials want to fly to Detroit with Guy Lofalk to support the negotiations. Where did this change of heart? Well, Antonov can be regarded as disposed of for the time being, the government could never endure the Russians anyway. And Muller comes more and more on the siding.
What is amazing, tragic and logical at the same time. Amazing, because Guy Lofalk plays an unusually active and almost dominant role for an administrator. Normally, a reconstruction in Sweden is in coordination with the administrator and the management. That putting a CEO on the sidelines is more than unusual, say Swedish friends. Saab has wanted Lofalk as an administrator, because Lofalk was already known there. More specifically, he came on the recommendation of Christina Geers, the chief lawyer. Did you look for a counterpart to Muller?
The tragic thing is because Muller has actually saved Saab. But to bring the company 12 months later in an even worse position. Logically, however, because Muller's network, say Antonov, is no longer effective. The investor from Russia currently has other problems, the backing from London is now missing Muller.
A journalist from Sweden said Muller could spend a lot of time in Mallorca in the future and splash around in the pool. That was certainly not that fair, but that's life.
In any case, the top-class members of the Spyker or “Swedish Automobile” management team have already achieved one thing. Saab is likely to have the longest idle car production in the world if paid in full. There is also a big bonus at the end of the year. Betting?