Hakan Juholt warned in Sweden today about the Saab effect. The entire Swedish vehicle industry may suffer from the Saab bankruptcy, because for the first time in Sweden a big employer disappears completely in this industry. The chances for Saab were there and were not used optimally. Now it's over for now. The bankruptcy trustee moves in the stablebacka and takes over the helm.
Victor Muller will advise the steward and help make the best of Saab out of the unfortunate situation. First and foremost, you will try to sell the company completely to an interested party and bring it back to market. Only when this is not possible will the complete destruction ensue. A small glimmer of hope still and the next days and weeks could be exciting again.
Youngman, the investor from China, did not give up until this morning after Victor Muller of Detroit had completely rejected all options. GM signs contracts, but GM does not abide by the contracts.
No matter what kind of China would invest, from Detroit would be no release. That's the clear message from Detroit and our understanding of the day.
GM disposes of Saab again and, as always, just before Christmas. Youngman could not and did not want to invest in a factory without production and without products. That was the logical consequence and Muller was forced to make his way to the bankruptcy court.
The bankruptcy of Saab Automobile AB brings consequences for everyone. Closed dealer contracts are no longer valid, warranty claims directly from Saab Automobile AB no longer exist. Only when the bankruptcy administrator expressly confirms the guarantee commitments, only then does the promise come alive again.
Bankruptcy can only have a positive impact on the supply of spare parts via Saab Parts AB. Saab Parts AB is not affected and manufacturers who have taken the parts business into hostage will now deliver again. Dealers usually have, I was told, their own contracts with Saab Parts, which are still valid.
The era of Swedish Automobile, Youngman and Pang Da is definitely over. Everyone has lost money on a large scale and even Victor Muller is facing a financial pile of shit. All license agreements are also invalid, including the agreement with BMW.
The departure of Muller is seen in all its tragedy as a new opportunity for Saab. In Sweden, his name had been burned for some time and he was, with all the merits of the past, also an obstacle to potential investors. Without Muller everything goes back to "Start", the cards are shuffled.
It's not over yet for Saab. Only when the bankruptcy trustee decides to destroy the company, only then do the lights go out in the stablebacka.
How exciting it will be for us Saab drivers here in Germany and which dealers will offer Saab service in the future, that's the exciting question. Even if the blog as a support for the scene and the remaining workshops continues to make sense, that is in the stars. It is still too early to write about it because the shock is still too deep today.
Our thoughts are with the employees of Saab and dealers, not only in Sweden. Families are also affected in Germany, which is particularly hard during the pre-Christmas period. They all showed great commitment to our brand. For her and for us all today is a very sad day.
Der Spiegel wrote an obituary for our favorite Scandinavian brand. A little premature for me, I'll wait, even if the chances of a comeback are more than slim. I am now switching off (for today), going offline. See you tomorrow, then a new day begins.