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Swedish government intervenes in the Saab business and has contacted GM
Friday, 11 November 2011
As we wrote recently, the Swedish government’s interest is to offload Saab in any way possible and their push to that direction is eminent. Had they intervened earlier enough probably the company would have been running without the need for the Chinese to salvage its survival.

Reports hold that the automaker’s management staffs are in continued negotiations with Chinese buyers in China and will also discuss with Saab's former owner, General Motors, GM.
Today, also it is reported that Saab’s owner company is in an extraordinary general meeting with a secret agenda.
The Chinese sales chain company, Pang Da and vehicle manufacturer Youngman will not give up trying to buy Saab car factory in Trollhattan, Sweden.

The clear message from GM that the U.S. vehicle manufacturer does not intend to release the technology licenses for the latest Saab models has not stopped the Chinese.
“We are still negotiating with the Chinese and we also have a dialogue with the GM, who wants to know more about a number of points in the proposed deal,” says Gunilla Gustavs of Saab's information department.

The Swedish government's minister of industries, Annie Loof said yesterday that government officials contacted GM to emphasize the importance of Saab's survival and for the Swedish jobs. The message was delivered by vehicle suppliers' annual trade show in Jönköping, Sweden.

A Saab without technology licensing is hardly interesting for Pang Da and Youngman, but the question is why GM believes that they are so valuable today.
“The technology is so old. The technology used in the Saab 9-3, the Chinese have themselves acquired long ago and GM already builds Buick in China on the same platform as the Saab 9-5,” says Fredrik Sidahl, president of Automotive Suppliers.

Today, Friday, the  deal with Pang Da and Youngman would have been approved by Saab's owner company Swedish Automobile at an extraordinary general meeting at the Dutch Zeewolde. But after General Motors moves that they would not relinquish technology licenses the deal’s conclusion0 is stalling.
“The shareholders would have said yes to one hundred percent ownership, but that was before we knew that GM would say no to the deal. What is on the new agenda is not public,” says Gunilla Gustav.
By Scancomark.se Team

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