How blogging works. About good joy in Sweden, mostly from Stockholm or from the direct Saab environment, information comes to Germany by phone or email. I check this information with the three major Swedish daily newspapers, most of the time the information is almost 100% identical. The sensitive, confidential part of the news is left out, the message goes on the blog. This principle has been working well for months. Except for the last Sunday, on the day there was a "duck" on SaabBlog.net for the first time.
The TTELA in Trollhättan today gave readers insight into Victor Muller's plans. The plan is, if you take a closer look very well and realistic except for two small weaknesses duchaus. Muller has learned in the crisis. The motto, not to win in a battle that can not be won, he has noticed. Therefore, Muller or Saab will not invest with GM and change the ownership structure at Saab.
Youngman and a bank from China are expected to finance the ongoing business over the next few months and years and are talking about 500 million. The EIB loan is to be replaced. Thus, securities that are recoverable are free. The profitable spare parts business, patents, tools, real estate. The collateral for the loan could also be provided through the issue of preference shares or convertible bonds. Details are not known yet.
No approval from Detroit is needed, not even from Stockholm. The contracts for the license production remain, because the ownership structure remains untouched. Saab 9-5 sports car and Saab 9-4x could then roll 2012 also on German roads. The whole thing will only then round, look at the other connections.
In Sweden, there is still the development company owned by Saab and Youngman, where millions of dollars are being invested from China. There, the new Saab are to be developed. The small types for us in Europe, the big Saab preferably for the Chinese market. This would mean that we would invest more than a billion euros over the next few years.
The plan sounds good against this background, the construction is consistent. But as written at the beginning, this idea also has two weak points.
First, the time factor is a problem. Next week, the court in Vänersborg, Saab, wants to make a clear and informed statement for the future. Letters of intent will not be enough. Signed contracts or guarantees must be on the table.
The other factor is in Beijing. The NDRC needs to approve businesses and foreign investments on this scale. Whatever Beijing may think, a forecast is impossible. Even the time factor is an open question with this mammoth authority.
Muller's plan is an option. The will of all concerned is there, otherwise Rachel Pang of Youngman would not have permanently pitched the tents in Stockholm.
What happens in the next few days is very exciting. A solution would be good. As quickly as possible.