Press Release: Saab Global.

Discussions About Sale Of Property Saab Automobile Ongoing

Trollhättan, Sweden: Spyker Cars N.V. (Spyker) announces that the intended sale of Saab Automobile Property AB (Saab Property) is still uncertain and subject to the fulfilment of a number of additional conditions imposed by the European Investment Bank (EIB) on Saab Automobile AB (Saab Automobile), General Motors (GM), the Swedish National Debt Office (NDO) and the Swedish Ministries of Finance and Enterprise.

It is not yet certain whether the above parties will be able to fulfil all of the conditions of the EIB and finalize the sale of Saab Property within a short time frame. The shares in Saab Property are currently pledged to the NDO (not the EIB) as collateral for the Swedish State guarantee NDO has given to the EIB on the day Spyker acquired Saab Automobile from GM in 2010. With a release by the NDO of its pledge in the shares of Saab Property, the guarantee of the NDO in favour of the EIB will be reduced by EUR 120 million. As a result, Saab Automobile will not be able to draw more than EUR 280 million under the existing EIB loan of which currently EUR 217 million have been drawn.

After the NDO confirmed last week that it intends to release its pledge in the shares of Saab Property, since Saab Automobile fulfilled all conditions, the EIB informed Saab Automobile last Thursday that it will only give its consent to the sale of Saab Property if certain additional conditions are met. The conditions relate – amongst others – to the obligation of Saab Automobile to refinance the sale of Saab Property or replace the purchaser within a limited period of time. Further, the consent to the transaction by the EIB would relate to a partial sale of Saab Property only. In addition, the EIB is requesting further clarification and confirmations from the NDO, the Swedish government, GM and Saab Automobile. Saab Automobile is working with all parties involved on a solution to complete the sale of the property and will have further talks with the EIB today in an attempt to reach agreement on the additional conditions set by the EIB.

Spyker and Saab Automobile continue to work on securing additional funding. To that end Spyker and Saab Automobile are negotiating equity and debt financing and/or technology licensing with various strategic partners, including various Chinese car manufacturers. No commitments have been received to date.

Finally, Mr. Vladimir Antonov awaits the approval from the NDO and the EIB to be allowed to act as a financier of Saab Automobile and to become a shareholder of Spyker.

TonymacUK
Member
5 years 5 months ago

Sounds like the beginning of the end -everybody loses except the Bank – quelle surprise!

mattea
Member
5 years 5 months ago

No need to be so pessimistic, we will now when its ower.
During the morning Mr Antonov have been quoted in swedich press like ” we will make it” and ” I will never give upp”

Audun
Member
5 years 5 months ago

+1

SpinM
Member
5 years 5 months ago

The only end I see right now is an end to passive PR policy. Nice to see these press releases – they are good means of damage control. Hopefully VM’s speech at NY Autoshow was a turnig point. Though the news may not be decidedly good (yet), they still help filling the void that would otherwise be filled by sensationalic journalists spreading panic (as was the case before) and causing additional damage.

Hope for some really good news very soon.

Audun
Member
5 years 5 months ago

“Hope for some really good news very soon.”
I think we all do that.
Lokk forward to all this is sorted out and the production can start up again.

Audun
Member
5 years 5 months ago

Look forward…. 🙂

Ben112
Member
5 years 5 months ago

It might just be the sort of careful statement they need to make as a listed company.
Keep calm and buy a Saab. There has never been a better time.

anders
Member
5 years 5 months ago

I guess this is the best time to haggle on a new SAAB 😀

Turbine
Member
5 years 5 months ago

Saab has a very exciting potential future – but needs a lot of cash to get anywhere near this potential. With New 9-3 maybe 18months away whats going to be needed in terms of improvements in current salesrates? Concerned….

Red J
Member
5 years 5 months ago

I also think that:

…is still uncertain ….
It is not yet certain whether….

is because they are a listed company, so they can’t speculate on the results of the talks.

BoeBoe
Member
5 years 5 months ago

This is weird:

“the obligation of Saab Automobile to refinance the sale of Saab Property or replace the purchaser within a limited period of time.”

Does this mean that if Antonov buys the property he had to sell it in a limited period of time?

BoeBoe
Member
5 years 5 months ago

And this?

“Further, the consent to the transaction by the EIB would relate to a partial sale of Saab Property only”

Does this mean that only a (small?) part of the property will be sold? So the revenue will be less than 100 million???

Bengt in Scania
Member
5 years 5 months ago

Yet another day in the Saab saga. I will take no notice about the media reports and just wait for official information. And enjoy the nice weather, atleast here in the southern part of Sweden.

Perhaps time for a spin in the red one?

Sorry about my bad “Swenglish”

gannet
Member
5 years 5 months ago
“Hi, I have been reading SU for a while now. Today I registered.” This press release still says nothing about what is really going to happen. I do not really understand why officials makes it difficult (seems to me) for Antonov to get in Saab the way he wants. Every delay, every day with no car produced, every day of halted assemly line will make it more difficult and more expensive to resume and carry on. If they will hesitate and wait and wait for right move it might be all too late for any moves. It almost looks like… Read more »
Red J
Member
5 years 5 months ago

gannet,
as long as VA is still willing to invest some money on Saab, there is hope.

Yerrun
Member
5 years 5 months ago

It might be a bit worse for Saab than we expected 2 weeks ago but remember…

Nulla tenaci invia est via

Victor and Vladimir have both the spirit and the money. We will get through this.

paul
Member
5 years 5 months ago

+1

OliverH
Member
5 years 5 months ago

This news from spyker could be related to the shareholder regulations and should be rated as a warning.

ivo 71
Member
5 years 5 months ago

If someone should require additional information about the competence of the EIB as an international money lender then the following investigative report by the Counter Balance group might be something of an eye opener.

Here: http://www.counterbalance-eib.org/?p=27

The full 44-page report: http://www.counterbalance-eib.org/wp-content/uploads/sites/12/2011/01/Hit-run-development_WEB.pdf

En deze is ook boeiend: http://www.counterbalance-eib.org/?p=1179

Enjoy.

Ivo

Khrisdk
Member
5 years 5 months ago

Oh

The EIB is by no means popular or regarded as competent by NGO and other organisations that are critical to EU bureaucracy.
But it doesn’t really matter in this case.
They are the ones with the power to say Yes or No, no matter what our views of them are

ivo 71
Member
5 years 5 months ago
I suppose you are right. But what really bugs me is that the EIB somehow has the final say-so concerning the collateral pledged by Saab even if they aren’t at all the party running the risk in case of Saab reneging on their payment obligations. The EIB’s money is 100% safe because its repayment is guaranteed by the Swedish state. The collateral is not pledged to the EIB but to the Swedish state and the latter has already agreed to release the collateral (i.e. Saab Property AB) for the VA sale-and-lease-back deal. The deal also has received the approval of… Read more »
900 classic cab
Guest
5 years 5 months ago

Strange in deed… makes me wonder. If everybody has said “yes”, why is the EIB, which capital is safe, making such a complication ?

Audun
Member
5 years 5 months ago

Good question.

ivo 71
Member
5 years 5 months ago

To put it even shorter: if Saab folds, Sweden stands to loose 400 million euro’s plus interest, GM something to the tune of 330 million plus interest and the EIB stands to looose….nothing. And still the EIB is the one to decide what should happen and is entitled to table unrealistic conditions to say yes to keeping Saab alive and so perhaps force Sweden and GM to have to write off enormous sums of money? WTF?

????

Ivo

Khrisdk
Member
5 years 5 months ago

Yes.
And that is probably what the Swedish Media will start asking if Saab should fail.
And the material against EIB makes the allegations against VA look like kindergarten stuff.
But that’s another story

ivo 71
Member
5 years 5 months ago
Neo-liberal governments tend to believe that commercial enterprises shouldn’t be kept afloat using communal funds. If a company cannot survive on its own merits, it should go bankrupt. Which is, of course, sound thinking in general if you discount the possible consequences in this specific case. It may, however, somewhat alter their thinking once they realize that a bankruptcy of Saab may well result in the disappearance of the complete car-related industry from Sweden. It’s like a chain reaction: Saab folds, most of its suppliers fold, Volvo can no longer choose from more than a few suppliers and so cannot… Read more »
rune
Member
5 years 5 months ago

In that case…

Why can’t the Swedish government assume EIB’s role? I.e. lend money to Saab so they can pay off EIB.

Problem solved, and the risks involved are identical (for the government). Except they gain more control and get rid of a maverick bank.

BoeBoe
Member
5 years 5 months ago

A government is no bank.

Red J
Member
5 years 5 months ago

@Boe
But the European Governments acted as banks for the banks on the latest financial crisis, at least in good old Germany.

ivo 71
Member
5 years 5 months ago

@ Rune: My #25 was meant to be a reaction to your #26…

Ivo

rune
Member
5 years 5 months ago

The circumstances, as I see them, do not leave the government with much wiggle room. They have known about Antonov for a long time now. Either let the man invest in the company, or assume full control over the EIB loan (i.e. pay off EIB and continue the deal negotiated last week).

Neither option should require much thought — the alternative is much, much worse.

Of course the government isn’t a bank, but… By denying Antonov ownership, they have put themselves in the driver’s seat and now the engine is overrevving and they must change gears before it blows.

BoeBoe
Member
5 years 5 months ago

At the moment Saab has only drawn 217 million from the 400 million. So if Saab goes bankrupt they only have to payback 217 million and not 400 million.

And the Swedish Government has collateral worth 400+ million. So the Swedish Government won’t loose a dime.

saabluster
Member
5 years 5 months ago
I believe with all my heart they will pull through this. There are just too many people that want to see SAAB succeed and have the money to see that it does. The Chinese no doubt are going to be a big support for us here and I think they can see that SAAB is better alive than dead as the technical expertise is one of the main things they need right now and with SAAB dead they do not have access to this expertise as the people that make SAAB SAAB will have dispersed. With VM and VA’s business… Read more »
kochje
Member
5 years 5 months ago
VM and VA do know each other since long. They also do trust each other. What better financial support could you get from a bank you know the owner from? GM did not want to accept VA because they did mistrust someone from Russia. Now it is the EIB that is asking more questions about VA. Is it not most important that EIB get their money back at the end? That however is only possible if Saab gets up and running again, after the necessary financial injection, so they can get back to business. So let VA get on board… Read more »
Bravada from GMI
Member
5 years 5 months ago
Whatever comes out of it, I still believe there is somebody at the end of the line waiting to pick up the remains on the cheap – and perhaps turn them around and return to former glory, as seems to be the case (kinda) with MG. So, this read from China Car Times gives an interesting insight: Saab’s savior isn’t likely to be Geely’s Li Shu Fu, instead we should look to BAIC’s Wang Da Zong, the Chairman at the helm of BAIC. Wang Da Zong is different to other automotive chairman at state owned companies, he is considerably younger… Read more »
ivo 71
Member
5 years 5 months ago

It may have gone even further than that already. On April 1, 2011, Wang Dazong literally told Dagens Industri that ‘We have an ongoing interest in deepening our co-operation with Saab and stand ready to invest in the company now’ (translation from Dutch is mine). This is reported (without a source link) by nu.nl. Link to nu.nl: http://www.nuzakelijk.nl/beurs/2217586/chinese-baic-wil-investeren-in-saab.html

I haven’t seen this DI story mentioned on SU at the time so maybe a Swedish speaker could go through their archives and post a link?

Ivo

saab93f
Member
5 years 5 months ago

Ivo, that would be oh-so-welcome. BAIC would not be a bad partner by any means.

I would like to remind everyone about Swade´s words from yesterday. KC&CO – there are true fighters out there to make Saab a success story. Let´s not breed any notion of negativity here.

Iggy
Member
5 years 5 months ago

Here is the link:

http://di.se/Artiklar/2010/4/1/203285/BAIC-vill-ga-in-i-Saab/

I hope it was not an April fool. I really respect VA and VM but I think this MUST happen. Or even a total take over by BAIC. Otherwise we are here again in 6 months/1 year time. This drastic move would gain back confidence in company, which is at least here in Sweden at the bottom right now.

Sorry but I really have a bad feeling about the whole situation!

sr
Member
5 years 5 months ago

That article is from april 1st, 2010. More than a year old.

Iggy
Member
5 years 5 months ago

True. Sorry, I didn’t check the year. This article is the only BAIC-related on DI’s web site from this year:

http://di.se/Artiklar/2011/4/19/233395/Saabs-kinesiska-planer/

ivo 71
Member
5 years 5 months ago

You are correct, sr. My mistake. But there is no reason for BAIC not to be interested any more, is there? They can probably buy (a par of) Saab for a lot less now than a year ago.

Ivo

900 classic cab
Guest
5 years 5 months ago

If by any (stupid) chance, the EIB kills the deal and SAAB should close (knock on wood),
what could we do to retaliate ?

Tilley
Member
5 years 5 months ago

Saab Defense Convoys?

anders
Member
5 years 5 months ago

Yeah, this time it wont be a friendly convoy.

900 classic cab
Guest
5 years 5 months ago

count me in

900 classic cab
Guest
5 years 5 months ago

I would like to see a documentary about this, kind of “Inside Job” but related to SAAB.
Unfortunately I don’t have the means or connections, or I would do it myself 🙂
This saga, independently of the outcome, already deserved a movie.

Toby K
Member
5 years 5 months ago
OK just a thought-its been said once or twice before but not in this way-maybe it needs bringing to the front (in case of emergency) What would it take to save saab again ok -the answer is money. How much? Under what terms? Can the Saab buying public donate anything to the cause? Would advance orders on the Ng9-3 help? could that be done? as I for one want is if it is anything like the rumours I’d order one now. if is just a cash advance how much would say 150,000 saab owners need to pay to keep saab… Read more »
v4ever
Guest
5 years 5 months ago
Lets try and be sensible…This is the biggest Saab fan site in the world and it has just 1500 members (of which maybe 5% could buy a new Saab today)! Last year they only sold 33000 car and the majority would have been to faceless leasing companies not individuals. This year they may sell around the same number. Where are you going to find 150,000 people!! Madness. To give Saab potential for a longer term they realistically need an investment of well over a billion euros. If you look at most Swedish news forums it does seem that the average… Read more »
Red J
Member
5 years 5 months ago
If you look at most Swedish news forums it does seem that the average swede in the street wants Saab closed down rather than spend their tax money on the company. I would say, that if you look at hose forums you see that most of the people commenting there wants Saab closed down, not more and not less, it is too much speculation to say that those represent the average Swede. But nobody has told those Swedes that destroying about 10.000+ Jobs, and maybe a whole industry sector, let’s see how long Volvo will stay in Sweden, could cost… Read more »
v4ever
Guest
5 years 5 months ago
The public were aware of the situation just over a year ago and I don’t think there point of view has changed or has been showed a reason to change. The Swedish government said back then that they were not a car maker and if the biggest car maker in the world could not make it work financially they would rather invest their tax money on retraining those out of work into green industry than in Saab themselves. After being involved in selling Saabs for over 23 years the interest is very quiet and as other people have said its… Read more »
Khrisdk
Member
5 years 5 months ago

We will not need to retaliate.
The press will have another field day of placing the blame at both the government and EIB.
If Saab is gone they will need someone new to shoot at

theSandySaab
Member
5 years 5 months ago

How about Saab to sell vouchers toward a future Saab purchase, valid indefinitely (as long Saab is alive).
I am in no position to buy a new Saab within the next 24-36 months, but would be willing to purchase a voucher worth, lets say, ie 1000 USD, or any multiple thereof, if I knew it would go towards helping Saab to survive. This could then be used at any official Saab dealer for car, accessory, service, maintenance, etc…
Just a crazy idea and time is probably to short, but anyways, it is an idea…

aero
Member
5 years 5 months ago

+1

Chicago Swede
Member
5 years 5 months ago

We could always buy SAAB stock, if that would help raise capital I guess?

BoeBoe
Member
5 years 5 months ago

No. If you buy Spyker shares on the stock market Saab/Spyker will not see that money.

Your plan will only work if Spyker issues new shares. But there is a small chance they will do this. And if they issue new shares they will sell them to existing shareholders.

Toby K
Member
5 years 5 months ago

+1

Chicago Swede
Member
5 years 5 months ago

I know the storm is getting thicker and the clock is ticking, but really the only thing we can do that would make a difference is buy a SAAB and have your friends buy a SAAB. Otherwise, I guess it is simply keep calm and carry on until we hear the results of the decision makers.

bpsorrel
Member
5 years 5 months ago

And there’s the problem. I’ve talked to my friends and associates about buying a Saab and no-one wants to take the risk. People feel the odds are not good and are worried about resale values, warranty cover etc.

While this problem persists, I don’t see how Saab will be able to sell enough cars…

Very sad…

turbokalle
Member
5 years 5 months ago
More than a year ago people were interested in buying Saab partly because the 95 and the 94x was more or less paid for and was just about to be launched. I`d say the situation is even stronger in those regards now. The 95SC just opened up for orders, as did the 94x. The 93 is a year from being shown with most of the work done. We have the electric rear axel system, wich is supposed to blow everybody away etc. etc. that we probably know nothing about. I cant see it any differet way than that Saab is… Read more »
kochje
Member
5 years 5 months ago

That’s good “Kalle”. I can only agree with you for 100%.

ivo 71
Member
5 years 5 months ago

According to this

http://translate.google.nl/translate?js=n&prev=_t&hl=nl&ie=UTF-8&layout=2&eotf=1&sl=sv&tl=en&u=http%3A%2F%2Fdi.se%2FDefault.aspx%3Fpid%3D233395__ArticlePageProvider%26epslanguage%3Dsv

DI article, VM and JAJ are talking to ‘representatives of EIB’ today. VA is talking to the Swedish authorities (presumably about his potential part-ownership of Saab) today as well.

Ivo

John Mac
Member
5 years 5 months ago

Strange headline and even confirms that EIB have agreed to the deal.

Saab cash deal needs GM approval, bank says

AMSTERDAM/STOCKHOLM – The go ahead for a deal that would allow Spyker Cars to raise cash for Saab depends on the approval of General Motors Co., Eva Srejber, the European Investment Bank’s vice chairman, told a Swedish newspaper.

Read more:

Autonews


Only clean-up, no censorship 😉

//RedJ

Red J
Member
5 years 5 months ago

This is the source.

ante
Member
5 years 5 months ago
If you look at this from the EIB perspective VA is not allowed into the company because NDO hasn’t decided if he is maffia who kills rivals or entrepreneur that turns water into wine yet. Still NDO and SAAB wan’t EIB to stand behind the loan to a company that reduced the collateral to borrow even more money from a (wrongly?) accused man that isn’t allowed into the company because he is possibly laundering money and killing business rivals even though it’s ridiculous for anyone with eyes and brains. I wouldn’t go for it either until swe gov gets it… Read more »
sandborg
Guest
5 years 5 months ago

If SAAB wrere finished these people would not be meeting, the Russian gent would not be fling to Sweden, and we would hear talk of bankruptcy.
By mid-week expect godd news. (Think Asian).

1975SAAB99
Member
5 years 5 months ago

You seem to know more than the rest of us, what’s your source?

LarsG
Member
5 years 5 months ago

A lot of speculation these days. I can understand that many Saab friends are frustrated and cannot just sit down and wait. But try to avoid too many negative speculations. To-morrow we will know.

gannet
Member
5 years 5 months ago

I will buy 9-5Combi if it makes it to the dealers (as promised) this summer.
I can’t afford to do more 🙂

Turbine
Member
5 years 5 months ago
I would hope that BAIC or someone similar (ie with the CASH to invest over 24 months plus) would come in quickly after the immediate cash crisis is sorted. It is in nobodies interest for SAAB to fail – however the lack of support in Sweden from the various blogs I have seen has been very negative to say the least. SAAB needs a multinational ownership structure with enough short term cash and investment to “reinvent” itself around new 9-3 phoenix over the next 24months – cant keep relying on dreams and iconic brand histrory – COLD HARD CASH REQUIRED… Read more »
GWC
Member
5 years 5 months ago

I can’t help but to think about the future for a certain former government employee from down under who just accepted a position with Saab … let’s hope this plant closure turns out to be a small ripple on the way to long term success.

kaiger
Member
5 years 5 months ago

http://di.se/Artiklar/2011/4/26/233882/saab12-Personalen-kallad-till-jobbet/

No changes in the planned return of staff: everyone should be on his workplace in Trollhättan tomorrow to “get some informations”

v4ever
Guest
5 years 5 months ago
I think its fair to say that Saab are in massive trouble now. The sales figures have been poor and the new 95 has not done well. The 94X will struggle like mad in Europe and the estate 95 will not sell that well if it is not priced very keenly indeed, With a balanced view it is hard to see where Saab can go from here. If they can get through the next few months realistically they would be in this position again next year. Saab has always struggled to make money (hence being sold to GM in the… Read more »
rune
Member
5 years 5 months ago

gawdlpus,

The March sales numbers showed promise.

The 9-4x is first and foremost designed with the american market in mind. It was assumed it would struggle quite a bit in Europe, but dealers are reporting quite a bit of interest here as well. But AFAIK, the business plan does not assume the 9-4x will be a hit in Europe. Saab have been questioned many times on the non-availability of diesel, and they are well aware of the challenges involved in selling a non-diesel 9-4x in Europe.

v4ever
Guest
5 years 5 months ago
Where is the interest? I’m in the UK and we have none!! To launch the car is going to cost millions in Europe alone and I’d be amazed if the costs could be covered by EU sales . The sales numbers are up but only because last year no one bought any. Look how many cars Seat , Volvo , Audi are selling!! We may have sold more than last year but its not enough for them to be able to pay the bills now. We have almost £9000 off pre registered 95 2.0 Aero’s and they have sat there… Read more »
Chris Carrier
Member
5 years 5 months ago

There’s going to be a lot of this resentment by people who have based their livelyhoods on Saab, those who simply have invested a lot in their garage or even ones who’ve see Saab as their favorite hobby. People want someone to blame, they’re hurting and they want to lash out.

saabdealer
Member
5 years 5 months ago
gawdlpus, With all due respect, If you still represent the Saab brand, I find your remarks irresponsible. To your point about only being 1,500 members. That has nothing to do with the number of people who support or believe in Saab. We have hundreds of Saab customers and I bet only a fraction have heard of SaabsUnited. I can appreciate your frustration as there are thousands of us who rely financially on Saab however driving the nail into the coffin as an employee of a Saab dealer is uncalled for. If it is your time to move on, kindly do… Read more »
v4ever
Guest
5 years 5 months ago

So you would prefer to hear that everything is OK and fine and dandy and essentially lie?? I never thought that was the Saab way.
Are my petulant comments any more irresponsible than the comments made from the very top?
It might appear that some of VM’s quotes could have been somewhat irresponsible when it may seem he has possibly told untruths regarding the advertising company being “let go” and late payments to suppliers .
I apologise if I am being negative but I just want some reality and honesty now.
I will go with my head held high knowing I tried my best.

Bravada from GMI
Member
5 years 5 months ago
Really, for most of their recent existence, Saab has sold in excess of the 80,000 cars they need to break even. It certainly isn’t pipe dreaming to believe Saab can continue to do that. They do have an uphill climb to regain momentum, but it is fully possible for them to do so. Whether VM is the right person to run the show is another thing, and perhaps Saab needs to revise and refine their business plan. On the other hand, Spyker Cars was adamant that they want experienced car industry executives to run Saab, and they did hire quite… Read more »
baas
Member
5 years 5 months ago
You’re presenting the 80.000 number to break-even as a fact, Pure speculation. Just because VM keeps shouting that they’ve lowered their break-even point doesn’t mean it’s true. He has made a lot of other promises he couldn’t keep. I don’t see why Saab would have a lower break-even now then they did before. They have higher cost, more debt, higher interest rates and they have to heavily discount their cars to get them sold. When you have to give 30% discount on a new 9-5 you can be sure that they are selling them at a loss. And don’t start… Read more »
sonett71
Member
5 years 5 months ago

Gawdlpus, your comment is very depressive. I can’t see it this way…

Razvan
Member
5 years 5 months ago

I miss Swade’s way of presenting facts during precedent crisis.
Somehow then I was able to see things clearer (or at least had that feeling 🙂 ) and optimistic. Right now the way the articles are written and links presented tend to make me feel unclear and not that optimistic.
I think what is missing is some sort of review of all of this in a clear (and optimistic) article.

Good luck!

BevanBrook
Member
5 years 5 months ago
At this point I have to hope for a Chinese takeover, no matter how unappealing that is. Face it folks, despite the best efforts and entrepreneurial expertise of VM, the big thing holding saab back is the confidence of the carbuyer in the companies future. Even if the sale of property to VA is approved with no more shenanigans how long will that tide saab over, 6 months? a year?, that uncertainty will leave confidence at rock bottom and sales will continue to underperform. When someone buys a volvo, they don’t have to consider will the company be around for… Read more »
Ben
Member
5 years 5 months ago

After all Saab has been through I can’t see this being something that will afect Saab long term. VA has money, everyone is determined and there seems no reason not to approve him. With the 9-4X and new 9-3 in particular the outlook is bright.
Griffin up people!

Toby K
Member
5 years 5 months ago

Not sure I like the idea of an Asian owner-eg BAIC

but hey-beggers can’t be choosers I guess-everyone seems to be foreign to europe now except BMW/Audi/Merc.

I always liked the swedish kit-it is it less Swedish then I may not be interested any longer…

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