Update: 15: 12 clock
The situation in Sweden remains unclear, although working behind the scenes hard on a solution. An inventory of recent events. Several issues seem difficult to solve and the development of the last 24 hours reinforces the problem. First, there is a political problem that could become more and more of a time bomb.
The National Debt Administration wants for the Saab Parts AB 2.2 billion crowns from the new owner. The government's motto that no taxpayer is being charged is developing into a boomerang. Because except Youngman, no investor seems willing, sources say, to pay that price. Lotus Youngman had yesterday submitted a new, binding bid including a liquidity proof. The commandment of the Chinese including the Saab Parts AB should be more than 4 billion crowns.
With that, Youngman is at the forefront and puts NEVS in distress.
There, the last bid should have been well below 2 billion. According to recent information, NEVS should have ordered 1.5 billions of crowns for Saab parts, much less than Lotus Youngman. Another renegotiation with the goal of pushing the price a little bit upset the schedule and could cost the E-car consortium victory.
But remain the doubts about the solvency and reliability of Lotus Youngman. But also the financing model of NEVS is considered in Saab circles as not beyond any doubt.
Victor Muller and Spyker are involved in the negotiations as several permits from the previous owner are necessary. The rights to production of the Saab 9-5 II on the factory premises in Trollhättan lie with Spyker and Muller is said to have already certified the first contracts. Saab short-term designer Castriota is also to get a generous settlement contract to him royalties on each new Saab 9-3 III assures. Some Saab insiders who know the Castriota design for the series will now be sharing their thoughts.
It is difficult to say to what extent the administrators' schedule is already wasted. Skepticism is growing, but surprises are always possible. Sometimes things happen very quickly if there is only the necessary pressure. We stay tuned.