Tomorrow is the day, the countdown is on and again Saab has a decisive fate day. The wind blows the actors huge in the face and some problems with Saab are homemade, others come as always from Detroit. But watch out, it's a long article.
General Motors, owner of many fascinating car brands, is working to finally blow life off Saab. Although the final plan is not yet known to the Americans in detail, a categorical “no” is already coming from the United States. The Detroit reasoning is becoming increasingly ridiculous. The ownership structure of Saab and Swedish Automobile will not change, only the type of financing.
For GM and spokesman James R. Cain, it is a "covert change in ownership structure" because Saab is in a weak position and the investor in a strong one. According to GM, any bank financing of any company would be a change in the ownership structure, according to GM logic. Covered, of course. We understand Mr. James R. Cain.
GM is showing the old, ugly face of the industrial octopus from Detroit that we know from the past. The brand from Rüsselsheim also has a difficult time with the owners from the USA. Instead of investing and boosting sales with new models, you have to save now because sales are stalling. There is talk of 1 billion US dollars for 2012, well-known rituals for the Opel people and my condolences to Rüsselsheim. The image bearer of the gentlemen from the Potomac has meanwhile burned down. Chevrolet Volt and Opel Ampera are on hold after three weeks after an accident, the Volt's battery started to burn as a result of consequential damage. The Volt's development team, brought from Germany to America during the GM crisis to secure the rights, had moved from Detroit to Bavaria even before the market launch.
With this Saab argumentation, the Americans kill all hope because they are in a position of strength. If it is really the final opinion from Detroit and not just a staging to influence the court in Vänersborg, then it is the end of many Saab dreams. Whether GM is right or not ... You can have a lawsuit with the Americans for years might win the case, but you don't get a solution that makes sense. GM could easily starve our automaker in a flood of processes.
Victor Muller also sees the argument as a GM show to somehow negatively influence the court in Sweden. GM, he says, has nothing to say because the ownership structure does not change. Maybe he's right.
But being right is one thing. Get another right. Because different positions without agreement mean for the plant in Trollhättan: no GM licenses, no deliveries, no production.
There is also headwind from another corner. The problems that could stop Saab in court are homemade by Muller and Youngman. Wages are still not paid until today, the new wages and salaries soon due. The pain threshold of employees and unions is reached with the constant delays of wage payments, the arc almost overstretched. Although the November wages should be paid on time for the negotiation, but that does not make a good impression.
On the contrary. The court is given all the arguments against a continuation of the reconstruction. The current rental costs for the former transmission plant in Gothenburg have not been paid in recent months, they say in Sweden. This is a violation of the rules of reconstruction. This provides the Saab critics with a template.
If Victor Muller and Rachel Pang then come with thin arguments and as poorly prepared as those responsible for Saab with the first, failed reconstruction request, then the two experience a Waterloo on Swedish soil. Facts would help. Not just financing intentions, no emails, no faxes. But reliable, valuable facts. Bank guarantees, for example, or just the promised € 30 million in Saab accounts, that would be good.
However, I fear that it will not be so. You will screw it up tremendously on Monday ... tell me my feeling, fed by amateur theater in recent months. Because you let a few weeks pass with the skirmishes. People have failed to create facts or transfer funds that could have secured the future of Saab and its reconstruction. Lost weeks for Saab.
Who's to blame ? Sure, you have to ask this question. At the latest after the failure of the reconstruction, she will put all of Sweden. Lofalk perhaps, who had his own plan in mind and failed so terrific? Even for him, the thing has not gone. He has a duty of attendance in Vänersborg on Monday and his dismissal requires the consent of the creditors. If the creditors see breaches of duty by the lawyer, then Lofalk can come into liability.
Or is it Saab CEO Victor Muller, who, instead of forming a team with Lofalk, had his own plan in mind? Perhaps it would have been possible for them to work together in favor of Saab, but the will was lacking. He is involved in the disaster that we are currently experiencing. The private war with Lofalk has cost time, money and credibility. The Saab employees, who are now dependent on emergency loans, are suffering.
Maybe Youngman is also partly to blame. Because you have underestimated the precarious situation for a long time and thus lost a lot of precious time. Contract poker instead of action. Not good.
No, the negative result of the next few days may not be the end, so we should stay calm. It would definitely be the end of the amateur actors from China and Holland, who screwed it up. For months, I write, which can also be in the possible bankruptcy, the chance of a fresh start. Interested parties who would buy Saab out of bankruptcy, there are. As I said, interested parties. Plural.
Muller and Rachel Pang would then have lost their toys, which would be particularly tragic in the case of Youngman after high investments. They had a chance of agreement for months, and they still have it. Only on Monday at 13 p.m. is the chance for a viable solution wasted. Let's hope that they did their homework and that Vänersborg won't come to Waterloo.