Update: 16: 05 / 18: 11 / 20: 01
Today, there will probably be no bankruptcy filing, says our friend from Stockholm. Nevertheless, the situation remains difficult, and Saab page is still no statement on the current situation. The fact that negotiations are still underway is at least cautiously optimistic. Nevertheless, the situation can turn every minute.
So Victor Muller's plan has not yet been filed, but time is pressing and never before has the window been narrower than it currently is. Probably less than 24 hours remain to solve the problems. Because in readiness for a bankruptcy application, the unions are on the one hand and it threatens the demolition of reconstruction on the other side.
The local newspaper in Trollhättan reports that Martin Larsson, previously the new Saab CEO and hopeful, is leaving the board of directors of Saab Automobile. Apparently, as a family man, Larsson's personal risk has become too high. Understandably, there are tax payments due, for which the executive committee can be made personally liable.
Money from China for the worst problems is said to have gone to Saab today. Depending on the source, however, one speaks about sums that will not be enough to pay salaries and wages. Used would currently be around the 10 million €, then it might be possible to continue the reconstruction.
The will of all involved parties, however, goes in a different direction. The problems are to be finally resolved and finally the company be steered into orderly paths. A solution that would be almost too good for this world and that we would all welcome.
Therefore, Muller sits for hours in Stockholm at the Reich debt administration. Presumably (speculation) is concerned with the repayment of the EIB loan by Youngman and the collateral released. Because their value exceeds the current loan in the amount of 217 million € a lot. That would be mine, in this case positive interpretation of the topic. The second option would be to prepare the National Debt Administration for tomorrow's bankruptcy filing by Saab Automobile.
Victor Muller plays his game with extremely high personal commitment. Presumably the man has nerves like steel cables. As always with Muller everything is at stake and right now we are experiencing a furious finale. Personally, I wish him, even for the Saab employees and dealers, that it works.
Updates follow. As always, we try to stay calm.