Reader Julie desperately wants business news. Please Julie, today for you, the economic sector.
The companies should not belong to Muller. Tenaci had stepped in as a financing solution for Saab Automobile AB in the past, and the proximity to Muller seemed obvious. Why is Muller reducing his stake? As the majority shareholder, he could be asked to take over the shares of the remaining shareholders. He wants to avoid that. Because Spyker is currently a shell of no value. Not quite. Spyker is more of a hope value and perhaps new income could be generated.
“Victor Muller on the way back to Trollhättan” was the headline in Svenska Dagbladet yesterday evening. If the article hadn't been written by my favorite journalist Jonas Froberg, I would have pressed the Ignore button. But Fröberg is an insider and his automotive heart beats for the cult brand. Ignoring is not possible.
The story is as follows. The production rights for the Saab 9-5 II have been found to be held by Spyker. If GM agrees, then the new owner of the large Saab could be built in Trollhättan by 2017 on “Saab site”, also part of the contract.
Spyker would then receive license fees like GM from Saab. Muller has already commissioned a law firm in Sweden with the exercise of his interests. Why does Fröberg write that? Ostensibly, the article is meaningless. Because GM will not agree. But what if the new owner wants to build the 9-5 freed from GM licenses in Trollhättan? Interesting question and not completely unrealistic.
Muller himself today describes the message as “complete nonsense”. We will see.
A new bidder for Saab showed up at the last minute. This reports Dagens Industri and suspected behind the manufacturer Qoros from the People's Republic. A story that makes sense. Because at Qoros so many Saab people have slipped that the manufacturer Saab 2.0 could be. For the premium strategy one looks for a European basis and Scandinavia would be suitable. Qoros is not the only last minute bidder.
A consortium from Germany also contacted Hans Berqvist at the very last minute. This is not in the newspaper, but is direct information from a reliable source. Lars Holmqvist from supplier association CLEPA confirmed to Dagens Industri that there are four interested parties since 2 weeks. What options remain for the last minute actors, is questionable. Presumably, they are late or alliances are forming.
Because from Sweden we hear the following from several sources: The race for Saab should be decided and the administrators have decided. The contracts will be formulated and in the next few days, one speaks of the end of May - beginning of June everything should be done.
The difficulties are, as we know, in detail. Delays can occur suddenly. Although the sources are good and always reliable, the business is safe only when the ink on the contracts is dry. It is left to the administrators at what time they go public. Until then we have to stay cool and wait.