No "Breaking NewsFrom Sweden today. The administrator's firewall stands and holds. Those interested in Saab who have signed the declaration of confidentiality can use the so-called “Darkroom”Take a look at the smallest economic details. There are favorites, both with Saab management and with me. But whether we can get the partners we want is currently not clear.
Oh, there was something. Almost forgotten. Volvo will submit a bid for the Saab bankruptcy estate, according to press officer Per-Ake Froberg. Details are not known, but we will talk about Volvo in detail.
In Sweden the government remembers the automotive industry. Yes, there was something. A year ago, car manufacturing was considered “old fashioned”And therefore not attractive. Sweden should shine through knowledge and automobile production was not considered promising. In Stockholm people are rethinking and the car industry will receive 450 million crowns. A large sum for a small country. Some of it also benefits Trollhättan and the Innovatum. A Saab employee from Sweden described the funding as a welcome gift to a Saab investor. We will see.
Not every investor is optimal. The other carmaker from Gothenburg is learning his lesson and swallowing bitter pills. Currently the first clouds are rising in the sky of the Volvo-Geely marriage. One year ago Volvo was proud of the firewall between Sweden and China.
The firewall weakens and becomes permeable. The Beijing administration is putting thumbscrews on foreign automakers. Volvo is considered 100% Chinese-owned as a foreign company. In the future, foreigners will only be tolerated if they establish common brands with the Chinese partners and make the technology generally accessible. BMW has already bowed to the desire of the bureaucrats. GM does the same and founds the brand with partner SAIC. "Baojun”Which vehicles should build with older GM technology.
If Volvo does not comply with the wishes, then the new construction projects Chengu and Daquing wobble. In the worst case scenario, one stands with empty factories without an operating license. That's why Volvo will also have a new, shared brand with Geely. Swedish knowledge flows to China, the brand is to be classified between Volvo and Geely products.
For years, politics in China has been trying to channel the chaos in the auto sector. Chinese companies are supposed to merge and join together to form powerful corporations. A wish that is infiltrated time and again by powerful provincial princes. There are currently over 100 car brands in China, many of them with such small numbers that Saab looks like a giant in comparison. Having your own car brand is an image factor for the provinces, the enormous profits from the mining and steel industry flow into small, unprofitable brands. The Chinese’s long march to the top of the auto industry is therefore making slow progress.
The current announcement to the auto industry is clear. Only those who give knowledge are tolerated. For Volvo, it is bitter and who has made illusions about the economic policy course in China, who can see the ugly face of reality at the latest now.
What does that mean for Saab if Youngman should take over the traditional company from Trollhättan. "What happens if the bureaucracy in Beijing classifies Saab as a foreign manufacturer?”Also asks Jonas Froberg in today's column. Everyone has to find out the answer for themselves.
The author has his favorite, his dream partner for Saab. That's for sure.