Saab bankruptcy: Magna gets in position

Update: 10: 49

Automobile supplier Magna has a serious interest in Saab, according to the Financial Times. Magna operates a contract manufacturing facility in Austria and has already built the Saab 9-3 Cabriolet for a short period of time. Whether Magna wants to acquire the Saab factory only for its own production, or whether one wants to revive the brand is not quite sure.

Presumably, however, it's all about factory, development, design, and above all component manufacturing less about the brand itself. With Magna, Saab would probably have finally disappeared from the market as a car brand.

In Trollhättan, the insolvency administrator team is fighting for the wage guarantee for Saab employees and is trying to get the wages into the accounts by Friday. As announced in the morning in Trollhättan, all 3.200 Saab employees will now receive their terminations, which is not a good omen for further development. The Saab employees were still hoping for a quick Youngman solution and for avoiding the layoffs. However, we should not overestimate this approach.

And the war between Lofalk and Muller continues. After Muller once again made serious allegations against Loflak, the lawyer struck back.

According to Lofalk, he had always kept the owners up to date, even though what he had shared was not much appreciated. And, he says, it would be nice if Muller at least partially took the responsibility. Anyway, surely the mud fight of the two divas will go into the next round, which we do not have to worry about. Muller and Lofalk are history. Past. Point.

The future rises in Landvetter from the plane. Rachel Pang is back in Sweden. She does not come alone, she has a plan. I will tell with the next article.

Text: tom@saabblog.net

15 thoughts on "Saab bankruptcy: Magna gets in position"

  • blank

    So if Sweden is not interested in the continued existence and the preservation of jobs, then I would very much welcome an activity of Magna! They can do that if the Ami's do not cross again!
    I hope so - it would be a shame for the brand (I have a 9.3 Coupe).

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    The with opel went astonished quietly on the stage.
    Magna has enough of its own patents that GM relies on.
    They hardly have to ask GM for permission, rather the reverse.
    Only as a reminder. when everything was perfect with magna, one quickly decided not to sell Opel.
    have you never asked why ???
    The game does not work anymore.
    Best regards

    • blank

      Is there any news who is now in the bidding race for Saab ... Go Magna Go

  • blank

    ... if you have the licenses - why not?

  • blank

    GM has failed the Magna deal with Opel, so why give GM an OK? +
    Since Magna also produces car parts, they would (if you get SAAB as a make)
    then built into the saabs and no longer bought from GM ……….

  • blank

    Magna was my “secret hope” in the confusions of 2009/10.

  • blank

    Magna was already in the conversation as an entrepreneur of opel and I think that did not please all for which you deliver parts, well saab is smaller! well, we hope!

  • blank

    ... they also have or manufacture for GM.

    Aston Martin Rapide since 2010
    Mini Countryman since 2010
    Peugeot RCZ since 2010
    BMW X3 2003-2010
    Jeep Commander 2006-2010
    Jeep Grand Cherokee WH2005-2010
    Chrysler 300 C 2005 2010
    Saab 9-3 Cabriolet 2003-2009
    Mercedes-Benz E-Class W 211 2003-2006 (all-wheel-drive models)
    Chrysler Voyager 2002-2007

  • blank

    Well that could be a great solution, after all, they wanted to buy a brand, namely Opel. So they already have experience with GM

    Since I do not see Saab as a disappearance!

  • blank

    ... but I think that since they also manufacture things for Opel and GM, there will be no problem with licenses.

  • blank

    I join Gust here and have to say that Magna has a lot of know-how and certainly would not be a bad choice

    • blank

      But what if Magna really only wants to manufacture components? Financial Times writes >> assets <<?

      • blank

        ..on which article are you referring to?

  • blank

    ... and Frank Stronach is a visionary and has good contacts in America, I think he would have no problem with GM

  • blank

    Well, I would not see it this way - SAAB in Austrian hands, a cool solution. As far as the brand is concerned, I would not be so pessimistic, Magna can build SAABs and actually has facilities to produce their stuff - what would they need the Trollhätten for. Think Frank Stronach knows very well about the brand SAAB and there have always been aspirations at Magna to build their own brand (at present, they only do licensed production). Furthermore, Magna is very involved in the E-car construction and needs a carrier brand - as I said there would not be as pessimistic as Tom

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