Several Swedish newspapers have revisited the subject of Saab today, which makes it easier for me to cover the past week. Because currently I practice a balancing act between confidentiality and publication, so that the next six weeks get information only with the handbrake on.
Actually, the administrators have only expected the hot phase of the bidding war for next week, but offers have already been submitted or improved in the past week. What is currently on the table is not the pure bankruptcy value of a company, it reflects the value of the brand core. It's probably only the beginning.
Youngman's Pang Qingnian gave some details to the Svenska Dagbladet. Youngman will invest in the development of new Saab models 12 billion crowns. Converted into euros, this is a real amount. For Trollhättan there is a kind of location guarantee, because he sees that rich Chinese prefer luxury cars from the West. Therefore, he is sure that even in 5 years cars will be built in Sweden.
The Interview is quite informative and who wants to read it. Because the Youngman CEO also tells about the night before the 19. December, the NDRC and GM.
More about Saab 9-3 reveals the father of Rachel Pang doing it for the first time to the public. It is possible to build the 9-3 series with diesel engine and automatic transmission without GM license. Which is no surprise, because these assemblies do not come from the Americans. Body parts are burdened by the sale to BAIC, but could be changed within a few months so that there is no conflict here.
The Saab 9-3 only with diesel and automatic? So only front-wheel drive and no four-wheel drive? It should be seen as one of the possibilities and as a purely political statement. So stay cool. GM's problem is not with engines and transmissions. Because GM is ready to continue to supply manual transmissions and gasoline engines. Here is currently negotiated over components and the output is open. However, we should forget the idea to integrate other gasoline third-party manufacturers in the current 9-3. This is a mind game, not more. Here are the costs and the short duration of the series in no relation.
Interesting is what is not in the press. Insiders from Sweden now see a clear timeline and they see clear favorites. At the end of march, everything will be in a very dry place. The race for Saab will be decided between two parties. A party from China, a party from India. Brightwell is already considered to have failed because the financial possibilities are limited.
Possible is a combination solution in any form from one of the bidders with another company. The administrators had used this term a few days ago and an interpretation is difficult. In the meantime, Swedish circles have plausibly explained the background to me and the plan is good. I put it that way in the room, and it is a solution that requires imagination, but which we should keep an eye on.
Rachel Pang is heading for Sweden again. By the end of the month, the preliminary negotiations could be completed and it could go into the final negotiations. Youngman and Mahindra are the hot candidates. Of course, I also have my preferences, and I prefer one of the two to the other. But that should not be the topic.
On the 19. December we had our absolute low point. We are slowly working our way back to the light. If somebody was currently asking me if I believe in the survival of Saab, I would confirm that. Saab will find a new owner, there will be new cars with the royal griffin.
Saab has a future. The Saab story continues, in whatever form.