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.
There are not only the mines from Detroit, the legacy of the short Spyker / Swedish automobile rule obviously has a lot to offer. The legacy that an army of lawyers and accountants now have to sift through is described as “chaotic”. There is the partial sale of the real estate, there is the problem with the PhoeniX platform. Parts of it were assigned to loans. The list is long, but the solution should be available by the end of the month.
Yesterday Mahindra & Mahindra spoke up through several domestic publications. Saab would fit well into the long-term development of the group because Saab has what Mahindra is missing. Deficits in the sales network and in the development structures could be compensated. Mahindra & Mahindra stay tuned.
Next week, in time for the final, Youngman is coming back to Sweden to continue negotiations. Yesterday, some sources reported GM's negotiations on Saab licenses. Information that has not been confirmed to us. But who knows what's really going on in Detroit. The Americans are currently sinking their 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. It is quiet around Brightwell, and our prospect, code-named “X”, is working through Victor Muller's legacies. No breaking news, but we're up close.
The next article is about more positive things and above all about the true “Saab Spirit”.