Anyone who had expected positive signs from Sweden yesterday was disappointed. Due to the renewed rejection of GM, the recovery plan is in the balance. Notably, Americans reject a plan that has not been submitted for approval and is not known in detail. Especially since several voices say that the company structure requires no approval from Detroit.
The fact that General Motors is involved in influencing the court in Vänersborg and Youngman is now clear. A remarkable procedure that shows the clear frontline. So far, I've had an understanding of GM because contracts and intellectual property require respect, so the Detroit group does not have that anymore.
GM wants to dispose of Saab, for the second time, that's fact. A unique process that says a lot about the company culture of this company. We can only express our displeasure with this policy in a long-term boycott of the GM and Opel products. The current Saab will not benefit, but in the long term it will hit the bean counters in Detroit. Anyway, I still try to stay as factual as possible and ask the readers to do likewise.
More important is the question of whether GM's transparent move has affected Youngman and Rachel Pang. I'm afraid he has. So far, no funds have flowed from Youngman to Saab and Rachel Pang will not appear in Vänersborg. Depending on the source one reports that she is ill, other well-informed circles see other backgrounds.
In the short term, the Swedish television reported a withdrawal of investors from China, to then deny. It could come to a solution in the last second, or not. Without money from China and without paying salaries, we will not have a happy day today. Everything is still open, still can a good news about the ticker run.
Muller also negotiated during the night yesterday. Around 22:00 p.m. he said that tomorrow could be a great day for the Saab future, or the start of a big mess ...
News follows when there are new developments in Sweden.