Deal With IAC Has Been Reached

According to SvD.se, IAC (who makes Saabs dashboards) and Saab have reached an agreement.

Although the agreement is [reached], IAC’s notice of termination of 200 employees remains.

“We were ready with the negotiations last night,” said Managing Director Marcus Nyman, who is himself in China.

IAC, which was among those suppliers that halted deliveries because of non-payment, has accepted an installment plan for the debts and a credit for future deliveries.

“From the start, we are far from each other, but we have approached and found a solution that benefits both parties,” said Marcus Nyman.

Despite the agreement, IAC chose not to withdraw the layoff notice for 200 workers who were at the end of April.

“Just because IAC has signed an agreement does not mean that the production of Saab in time. There are a number of other critical success factors. There are more vendors that they must get along with,” says Marcus Nyman.

The notice will remain until the IAC will know that the Saab factory restarts.

“We see that only when we receive orders in our system,” said Marcus Nyman.

IAC has about 15 percent of its sales in Sweden for the Saab. For Färgelanda factory, this is 60 percent.

United Marcus Nyman IAC can start delivering quite quickly.

“It takes a few days. Previously, we have said a calendar week,” he says.

TT: Can you deliver to on Friday when Saab is hoping to get in once the factory?

“It remains of course a few more days until Friday and it’ll be about a slow start where you are not running at full speed from day one, so it can go,” he said.

In addition to Plastal which already agreed to shipments, these are two of the larger companies involved in getting production rolling. From what we’ve heard of the guys on the production line, they’re working with everything they have to get the plant operating again. We wish them our best and hope they can get some rest once it’s all done. This week probably feels something like a marathon for them, between the negotiations and logistics, they’re attempting an incredible feat.

Thanks for the tip Thomas J!

_____________

Sadly in other news, ANA (the largest Saab dealer in the world) is laying off 16 employees (9 blue collar, 7 officials). Hopefully they’ll be able to bring them on again soon.

900 classic cab
Guest
5 years 4 months ago

Feel sad about ANA.

Börjesson
Member
5 years 4 months ago

They’re not laying off people, they’re giving notice to them. This means that unless the notice is withdrawn, they will be laid off in a while, usually something like three months.

Carlo A
Member
5 years 4 months ago

OK thanks for the clarification ….

theSandySaab
Member
5 years 4 months ago
Yes, sorry to hear about ANA, hopefully things will pick up soon… Now, an open question – a year ago my brother relocated to Sweden and got a company car as a perk, valued at not above 300.000 SEK. While he wanted a Saab, Saab was not on the approved list and he “had” to choose the other swedish car, a loaded V70 TDi 5cyl. – What is the latest status on this “List of Approved Company Leasing Cars”? I understand the limit was not with my brother’s employer, but rather the financing company. I believe Saab really has to… Read more »
SAABNUT
Member
5 years 4 months ago
Yes its right, many leasing companies and companies dropped SAAB from the shortlist of company cars- claiming too low or uncertain residual values at the end of the contract leasing term. (Or a value below the residual value in the contract, forcing the lesee to pay additional money to get rid of the car….) Mostly the OG SAAB 9 5 suffered from this predicament… Simply too many Biopowered and of that old modell out there, bearing in mind the uncertain future that SAAB faced 2009-2010. This was a devasting blow to SAAB – 50% ofall cars sold in Sweden end… Read more »
jouni72
Member
5 years 4 months ago

I agree the need of 9-5 SC in Sweden. I was driving in Sweden yesterday E18 (between Orebro and Stockholm, sadly with Toyota, no Saabs available in AVIS Stockholm Arlanda in sunday evening) I calculated Saabs coming against me and I was surprised to get 10 combis and 11th was sedan. Sweden seems to be a SC country… (well actually after 11th next 4 ones were sedans..)

Thylmuc
Member
5 years 4 months ago

Well, as there is no hatchback, what else to do tham drive the design-compromised wagons?

fredrik.m
Member
5 years 4 months ago

I have some good news from Avis. When I picked up a rental car last week I was offered an Opel Insignia. I was fairly happy with that, but I asked them if they were considering buying SAABs instead. They answered that they had already placed orders for new SAABs to their fleet and Volvos as well. So hopefully next time.

jouni72
Member
5 years 4 months ago

Good reason to use Avis also next time!

Coke is it
Member
5 years 4 months ago

My company allows us to order Saabs and we use a leasing company owned by Volvo.

There was no problem when I ordered my 9-5 SC to be delivered after summer 🙂

SAABNUT
Member
5 years 4 months ago

SAAB 9 5 SC Vector Oak wood metallic 160 TID, here I come!

Coke is it
Member
5 years 4 months ago

SAAB 9 5 SC Vector Black BioPower, here I come! 😉

turbokalle
Member
5 years 4 months ago

Saab 95 SC Vector White 190 TTiD, here I come!

jouni72
Member
5 years 4 months ago

And I´m looking forward to make an order about 9-5 SC Aero ttid as soon as orderbooks open here in Finland.

Goesen
Member
5 years 4 months ago

Strange. I started leasing a TTID at about the same time, dec 2009. I have GMAC financing bur of course this was still GM-times for saab.

theSandySaab
Member
5 years 4 months ago

Don’t remember what leasing company it was, but it was in April/May 2010 that they would not accept a Saab. Good to know it now seems to have been resolved and company leasing works also for a Saab.
Yes, Sweden seems really to be a Combi Country, most people are practical and cannot / will not afford a second or third car just for fun… Not like in the US, where I have seen many families with numerous cars, one for each specific purpose, be it haulin’, drivin’, bashin’, burnin’, curvin’, etc…

Ruben NL
Member
5 years 4 months ago

Sad to read about ANA, certainly after the SU weekend of 14 and 15 May.
Good to read that there is something starting to move in the supply chain, that leads to the Saab works in Trolhättan. Hopefully the other suppliers follow IAC and hopefully the production can restart this week.

hogge
Member
5 years 4 months ago

What’s this stuff about ANA? I haven’t heard anything on the matter.

Ruben NL
Member
5 years 4 months ago

They’re going to lay off 16 staff.

Sadly in other news, ANA (the largest Saab dealer in the world) is laying off 16 employees (9 blue collar, 7 officials). Hopefully they’ll be able to bring them on again soon.

It’s the final remark in the post in this very topic.

spacy
Guest
5 years 4 months ago

Don’t worry I missed that too.

Probably something to do with the comment (above) being under the:

Thanks for the tip Thomas J!

_____________

1975SAAB99
Member
5 years 4 months ago

For the Dutchies among us:

http://www.autoblog.nl/archive/2011/05/24/chinese-overheid-pang-da-mag-saab-niet-steunen

For the non-Dutchies:

PANG DA DEAL HAS BEEN REJECTED BY THE CHINESE GOVERNMENT

Alexandros
Member
5 years 4 months ago

If this is true, it is only about the 24% stake…BUT…please be very careful with that kind of “news” (“anonymous source” etc…)…no hard feelings..

SAAB_Andee
Member
5 years 4 months ago

The original article in china – had nothing new to tell.

The had good talks with Pang Da and others – but still enough qustions about the planned joint venture.

So nothing has changed – keep calm and carry on
don´t trust this news from twitter or blogs

Ralph
Member
5 years 4 months ago

I wouldn’t worry too much about this article, especially since it’s been written by somebody who’s been waiting for his “I told you so” moment from the day VM first came into the picture as possible saviour of Saab. This clearly VM-obsessed guy also goes by the name of ‘BoeBoe’ here on SaabsUnited, by the way…

SAAB_Andee
Member
5 years 4 months ago

ralph is this true with Boe Boe ?

Ralph
Member
5 years 4 months ago

One can never be 100% sure (since he himself never made it clear), but only for that reason will I say that I’m 99.9% sure that it’s true.

lala
Member
5 years 4 months ago

yep it’s true. He has other names like AX lover (look for it at financial forums)

SAAB_Andee
Member
5 years 4 months ago

nothing new only a recapitulation from talks with pangda (lost in google translation )

don´t rely on this “untrusted sources.

Börjesson
Member
5 years 4 months ago

If this had been true, then DI.se among others would have been screaming their heads off in jubilation. They’re reporting nothing, ergo it’s false.

Frank Wulfers
Member
5 years 4 months ago

A guy named Robbie reports on something found in a Chinese article where an anonymous source is quoted. Sad to see autoblog.nl joins TTAC and is now on my list of automotive news site with no integrity.

golfhunter
Member
5 years 4 months ago

I’m so worried about the situation that I thought it was true . I hope it’s not a bad sign .

SAAB_Andee
Member
5 years 4 months ago

@golfhunter before spreading bad news we should take a break – reflect the articles if they could be true. if there were negoations running we cannot spread any rumor from “sources” .
SAAB made a press release when the hawtai deal -was impossible – they also would made a press release if the pang da deal fails.

spreading every inofficially rumor and voices from “experts” in this time isn´t good for SAAB and the trust in the company. If they have something to answer officially the will do.

Red J
Member
5 years 4 months ago

I think the best test to know if apiece of bad news is true or false is DI publishing it or not.
AS Börjesson said, DI hasn’t published it so it can’t be right.

SAAB_Andee
Member
5 years 4 months ago

In the moment we have some articles that pang da starts approval with Ndrc

http://online.wsj.com/article/BT-CO-20110523-700971-search.html?KEYWORDS=Sweden&COLLECTION=autowire/6month

then we have some articles from pang da and approval from the NDO
http://online.wsj.com/article/BT-CO-20110523-708193.html

and we have a blog with an anonymous source in china ?????

BoeBoe
Member
5 years 4 months ago

Always nice to be accused of something. Not.

This news was mentioned on a number of other Dutch financial websites at 16:00. For instance fd.nl and rtlz.nl and if you look at three shares you see them drop sharply at 1600.

The news was also on the Dow Jones newswires.

SAAB_Andee
Member
5 years 4 months ago

what an surprise that shares drop if someone publish such an report.

still they have enough to talk and much is unclear – but the NDRC is comparable with the EIB (no fast decisions – talk talk talk) and they started to talk yesterday !!!! and the main theme is still the joint venture…

so it´s still rumors – and the main question is if pang da needs an approval to buy shares. (from the NDO of course but from china ?)

Red J
Member
5 years 4 months ago

Andee,
China is a totalitarian regime, and the companies do only what the government allows them to do.

SAAB_Andee
Member
5 years 4 months ago

that´s true but we don´t know what the “source” really meant. that a takeover or a joint venture has to be approved must be clear. and also the approval is no matter of one day-
And don´t forget that they want no bid war 🙂 from the car makers

My fear is only to make bad news on no news. The bid war news from last week were for example good news. Some car makers are interested and so on…

Bravada from GMI
Member
5 years 4 months ago
China is not a totalitarian regime, but a bureaucratic, centrally-controlled economy. There are many forces in play in China, there is no central “brain” with fixed views who makes all the decisions. The Chinese decision circles have distributed powers and are very numerous in terms of number of participants. It is always a cautious power play between different influence and interest groups. Pang Da is large enough to be able to exert their own influence, as are potential partners, such as BAIC. The general strategy is to merge automakers to bring the total number down to 10. What is now… Read more »
Red J
Member
5 years 4 months ago

Bravada,
I might have used the wrong word, but I kind of meant what you are saying. 😉

GerritN
Member
5 years 4 months ago

“China is not a totalitarian regime….”

Ah, that explains the Great Cyber Wall and the crushing of any dissent.

Bravada from GMI
Member
5 years 4 months ago

China is not a free democracy and an exemplary civil rights champion. But the modern PRC is far from totalitarian when it comes to markets and economics. Think of Japan in the 20th century.

GerritN
Member
5 years 4 months ago

“Think of Japan in the 20th century”

Before or after WWII?

Bravada from GMI
Member
5 years 4 months ago

Both, actually. The ideology changed, the economic system didn’t.

Red J
Member
5 years 4 months ago

Boe,
last week a similar piece of news also started spreading from rtlz.nl and fd.nl. That article was also based on an anonymous source, and it ended being FUD or false, whatever you prefer.

Jos
Member
5 years 4 months ago

Yeah, it kind of makes sense. Spyker is listed in the amsterdam stock exchange, it is a very volatile share, often going up or down 10% or more after every piece of good or bad news. Coincidentally that every piece of share price influencing news “from anonymous sources” pops out via dutch news sites…

GerritN
Member
5 years 4 months ago

VEB spreading rumors? They still feel that they have an axe to grind with VM.

Jos
Member
5 years 4 months ago
VEB would be too visible, i was thinking more along the lines of some small time investor, that maybe have a way of reaching some journalist or autoblog.nl contributor… Anonymous sources spreading unconfirmed rumors via sites like autoblog.nl make make me feel kind of funny. Bloggers are not journalists, and may have even lower standards of ethics, like source checking etc. before publishing stuff… Their add income goes up with every click… All I’ saying is that there’s people tha tcould benefit from malicious rumour spreading. Unfortunatly and very cynically, there’s more to be lost for a couple of thousands… Read more »
Red J
Member
5 years 4 months ago
Lear, the ones that make the seats and gave notice to all of their workers in their THN facility will also be able (and willing) to deliver for Friday production start. As in the case of IAC the notice to their workers won’t be withdrawn for the moment. One of the other suppliers are Lear Corporation, which at its plant in Trollhättan makes car seats for Saab. Although they have started work on a production start. – I’m pretty confident that we will reach an agreement with Saab. In this case we fix the supply to on Friday, said Johan… Read more »
TonymacUK
Member
5 years 4 months ago

Good news about the major suppliers re-supplying SAAB (although a cloud still hangs over those employees given lay-off notices). Are the SAAB people actually back on site today?

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