The final hurdle prior to Spyker closing the Saab purchase deal was cleared today when the Swedish National Debt Office submitting a proposal to provide loan guarantees for Saab’s loan from the European Investment Bank.
From SvD
- Debt Office has said that the business plan is reasonable and there is collateral for the guarantee. There are risks, but they are acceptable, “said Olofsson.
Do a Googletrans of the SvD article and you’ll see there’s a whole section there where Maud takes a bow for being so thorough and another bit where SvD try and trip everything up by unveiling some sinister investor in the background. Both were too unpalatable for print here.
The bottom line:
The National Debt Office is satisfied that Saab’s business plan has a chance of success and they are also satisfied that there is stable ownership, and sufficient collateral in place to guarantee the loan.
The double-bottom line:
It’s all systems go, baby!!
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{ 7 comments }
Woohoo!
Sweet…. Now to start saving for my new 2012 9-2! (or 9-1, whatever!)
Great news!
Nothing can stop us now.
Release me – The time is now!
Thank you, EIB. Thank you, Sweden.
Let’s close this deal, make some great cars, and get the sales channels primed to rock-n-roll! I’m saving my nickels to buy my next, more Saabish Saab.
Griffin Up!
Ready. Steady. Go!
Great news!
And it’s about time…
New car registrations in Germany for January 2010:
Aston Martin 33
Corvette 33
Ferrari 34
Saab 40
Cadillac 58 (+480% compared to Jan 2009)
…
Lancia 106
…
Lada 163
Weird, just weird. I think, some of it is because there are no cars to sell anymore but a lot should be due to a lack of trust in Saab’s survival. Which should be sorted out now. =)
I think we should now seriously consider some kind of renaissance simliar to what VW did with the Beetle,BMW did with the Mini and what Fiat did with the 500. Would it not just be amazing if we reinvented the classic 900!!!
If those manufactures mentioned above can re introduce what was an iconic car for them then why not Saab with the 900. Just imagine what that would do for our new image!!!
VM please consider….
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