Yesterday Hamburg was announced. Actually not Hamburg, but Halstenbek. Before I report on the Saab event in the north, come first the business news. First the duty, then the freestyle. In Sweden, work is being done on the Saab sale, but things are slow. The challenge is in the details, as a Swedish friend told.
Not only are the mines from Detroit, but also the legacy of the short Spyker / Swedish Automobile rule, it seems to be in itself. As "chaotic" the legacy is called, which has an army of lawyers and accountants to sift now. There is the partial sale of the real estate, there is the problem of PhoeniX platform. Parts of it were assigned for loans. The list is long, but the solution should be available by the end of the month.
Yesterday, Mahindra & Mahindra spoke about several local publications. Saab would fit well into the long-term development of the group, because Saab has what Mahindra is missing. Deficits in the distribution network and in the development structures could be compensated. Mahindra & Mahindra stay tuned.
Next week, in time for the finals, Youngman returns to Sweden to continue negotiations. Yesterday, several sources reported GM's negotiations over the Saab licenses. An information that was not confirmed to us. But who knows what's really happening in Detroit? Currently one is with the Americans in the process of sinking the German daughter.
Thomas Sedran, management consultant for Saab liquidator Alix Partners, joins the board. Which is spicy and perhaps also practical, because that's how the inquisitor sits in the executive suite. Currently, 200 Opel employees scour all assemblies for savings. Material costs must be lowered, equipment details are deleted. (At this point, thanks to Bernd for the press info!)
The deficits go down in the short term, profits increase. Then there are increasing expenses for goodwill and guarantee, and in the end the customers run away in droves. Market shares are falling, the last plants are being closed. The eternal cycle of the Americans. Anyone who knows this will understand what Saab has been through with GM in recent years. The German press now calls Opel a zombie group. Not exactly helpful for Rüsselsheim.
Back to the Saab investors. Brightwell is quiet, and our codenamed "X" is working on the legacy of Victor Muller. No breaking news, but we are close to it.
The next article is about more positive things and above all about the true "Saab Spirit".