The dissatisfaction is great and currently it is not much fun to write about the current developments in Sweden. The bankruptcy trustee duo is now to become a trio. Kent Hägglund from the law firm DLA Nordic should strengthen the team. DLA Nordic is one of the largest law firms in Sweden.
The relevant application was filed today at the Vänersborg court. Nothing further has been known about the application of the unions and some creditors to replace the bankruptcy trustees. At the moment the trade unions in Stockholm are discussing what they want to do about bankruptcy trustees.
The clock is ticking and a Saab insider said today the exchange of bankruptcy trustees is just as useful as a hole in the head. By that he means that a new bankruptcy trustee would slow down the already very slow process even further. If things finally get going again, he adds, the Turkish investors are the favorites in Sweden.
Mahindra & Mahindra, actually the Indians with another bidder are my favorite investors, seem to have little chance. Since all buyers have to - or want to - audition at GM, you need Detroit's goodwill. India is one of the most important markets for GM, with Mahindra being a competitor. Too bad.
What I would like - and have wished for all the months - would be a noiseless process and a job that is finally showing success. Unfortunately, this request has not yet been fulfilled.
Updates on development in Trollhättan follow as soon as news is available.