Ms Olofsson has met with Mr Antonov

While yesterday it was announced that Ms Olofsson was willing to meet with Mr Antonov. Today SvD Ms Olofsson announced that she and Mr Antonov met yesterday evening.

The Russian financier Vladimir Antonov met Maud Olofsson and set out why he wants to put money into Saab. The meeting took place on Tuesday evening at the department, five days after the government received his letter.

“It was a good meeting. Always good to see people that are so circumscribed,” said Olofsson.

But the rush is not on the government’s decision.

“We are waiting for GM and the EIB,” said Olofsson.

For the ones that prefer TTela.se the article is also available there.

StefanH STHLM
Member
5 years 3 months ago

We´re all going crazy bout the talk of waiting for the EIB´s decision, when we think it would be easy for the swedish gov to say yes without waiting.
I guess though that its more to this than is reveiled in articles.
One thing is that the different govs around EU are not allowed to have any influence on EIB, as its supposed to be independent from the govs. Who actually appointed their officials.
I guess that why they dont wanna tell before EIB comes with their verdict.
Or?

anders
Member
5 years 3 months ago

Our own minister of finance, Anders Borg, haven’t been so positive about SAAB. And since he’s a board member of EIB (http://www.eib.org/about/structure/governance/board_of_governors/anders-borg.htm?lang=-en) , it feels like this has no other solution than a no from EIB.

paddan
Member
5 years 3 months ago

I thought GM had already approved him.

Audun
Member
5 years 3 months ago

+1

TonymacUK
Member
5 years 3 months ago

+1

Carlo A
Member
5 years 3 months ago

What I do not understand …. why should Mr Borg, the Swedish minister of finance, not push the EIB to approve an external investor that want to puts fresh money into a Swedish company, thus saving jobs in Sweden?

This, I do not understand ….. they are not asking the EIB to provide for extra money apart from what had already been approved, aren’t they?

900 classic cab
Guest
5 years 3 months ago

Excatly what I find hard to understand.

phermansson
Member
5 years 3 months ago

This confusion is exactly why we are running the approve antonov campaign…!

kochje
Member
5 years 3 months ago

That is also my opinion; if they find it a good idea; why don’t they write to EIB and GM and share their opinion that this is positive?
Just telling the press that it as a good talk does not bring anything to the table.
Typical politicians; talk talk talk and no action……

rune
Member
5 years 3 months ago

Saab were asking for less money. The plan was to reduce the collateral needed.

GerritN
Member
5 years 3 months ago

It’s even more puzzling since the Swedish government is guaranteeing the EIB loan. Maybe they don’t like the liability?

Rico
Member
5 years 3 months ago
I don’t understand what the EIB mens in his statement form the 17 May 2011 when they say, that there are not a liquidity provider and that the liquidity must come als from “other sources”. I understand i this statement, that EIB will accept this “other sources”…what are they waiting for???? http://www.eib.org/projects/news/statement-regarding-saab1.htm?lang=-en Statement regarding Saab Date: 17 May 2011Since early 2010, the EIB has part-financed the research and development (R&D) programme at Saab. We are not a liquidity provider. Liquidity financing must come from the company’s cash flow, commercial banks or other sources. The reason for the EIB’s financing of… Read more »
Ruben NL
Member
5 years 3 months ago

My conclusion is, that the meeting of VA with Maud Olofsson, was a complete waste of his time.
She is willing to hear him out, but not planning to move or even make the EIB act after their own words

The reason for the EIB’s financing of the R&D programme is our concern for the thousands of jobs that Saab provides in Sweden

GerritN
Member
5 years 3 months ago

Not complete waste of time. VA shows that he is willing to go into this process with full transparency. This is quite in contrast with the Swedish government which seems to have a hidden agenda. This should be fodder for the Swedish opposition, could our Swedish friends explain why this is not causing much more waves in the Swedish politics?

Nissi
Member
5 years 3 months ago

Facts are according to Reuters that GM has so far nly given a tentative approval of April 28 according to Reuters said: “Sweden’s Debt Office and former Saab owner General Motors (GM.N) both said they had approved the plan, though GM, which still has preference shares in Saab, said it wanted “certain specific actions” to be taken by the car maker.

EIB has also sent a press release that the “EIB approval are delayed because of internal SAAB changes” (and ?GM ?, since GM is a shareholder in SAAB!), Another SAAB blame game?

zippy
Member
5 years 3 months ago

+1

This is turning into a farce, IMO. 🙁

Audun
Member
5 years 3 months ago

+1 🙁

sandborg
Guest
5 years 3 months ago

The outcome of the meeting was predictable.
You can not get blood from a stone.

kaiger
Member
5 years 3 months ago

http://di.se/Artiklar/2011/5/25/236648/Maud-Olofsson-traffade-Antonov/

The representatives from Saab’s Chinese partner Pang Da come to Sweden on Thursday and is now open Olofsson for a meeting.

Damn Translation…

But according to DI it seems, that Ms Olofsson accepts to meet with Pang Da too. Will take place tomorrow in Stockholm. Suddenly sth. moves on…

GerritN
Member
5 years 3 months ago

Anything that keeps Saab on the Swedish radar is good right now, imho. If the Swedish government is really interested in the survival of Saab then they should play a much more active role. The hesitance of Mz Olofsson to meet with VA, not using their leverage with EIB and apparently not having any positive contact about Saab with the Chinese government doesn’t bode well for their goodwill. Let’s hope that I’m wrong and that some Swedish officials will start growing balls in the next couple of days/weeks.

GerritN
Member
5 years 3 months ago

“It was a good meeting. Always good to see people that are so circumscribed,” said Olofsson.”

For a moment I thought I read “circumcised

Saabman900
Member
5 years 3 months ago

Haha

Nate 9-3
Member
5 years 3 months ago

Now that would have been a great meeting lol.

Nate 9-3
Member
5 years 3 months ago
OK – I am going to look like the lunatic fringe, but here we go… I personally thinkg that the globe is being carved into two pieces. In one corner you have Europe, Middle East, South America, India and North America. The other would-be corner would be China, Russia, Pakistan and some of the Middle East (i.e. Iran). I have actually looked into this for about five years and I am convinced of it. If this is the case, I can see why the EIB would rather SAAB die than have a Chinese company get the technology. For it’s part,… Read more »
zippy
Member
5 years 3 months ago
But doesnt GM own alot of the rights to some of Saab’s technology? Surely they must have a say in the matter as well? The longer this whole “process” (I say “process” as there doesnt seem to be much of a defined process at this point it time) goes on the less likely we are to see the release of the 9-5SC nevermind the new 9-3. Olofsson seems to be blaming GM and the EIB, the EIB is more interested in bureaucracy and the people caught up in the middle of all of this are the thousands of people for… Read more »
Bravada from GMI
Member
5 years 3 months ago

It is my understanding we shall see the 9-5 SC assembly start this Friday.

Remdu67
Member
5 years 3 months ago
I think that now time for patience is really over. This hidden agenda between GM (preferences shares to 320M$) and EIB-Sweden governement is insulting the million Saab drivers around the world who have paid (for their best pleasure of course) the right to drive their car! That said, whatever legal or private agreements that bound Saab to its old and new shareholders, financial, national or european institutions, we are allowed to protest against this hidden agenda. Time to go out to Save Our Saab. Time has hurt more than one could have imagined. Time is over. Time is now for… Read more »
Bravada from GMI
Member
5 years 3 months ago
Pardon me? Do you feel any of the right to drive your car was taken away? I drove my Saab today without feeling so (or knowing that my rights were limited – perhaps I am an outlaw now!) At any rate, GM seems a bit of a mouthwash for everybody here. The last time they were called for, they replied overnight. If GM was really a part of the process and an obstacle, I am sure the outspoken likes of VM, VA and Lars Carlstrom would have pointed that out. There is no hidden agenda, but there is a really… Read more »
Remdu67
Member
5 years 3 months ago
Ok I am not an englishborn speaker, sorry for my language. I Was meaning that if things go on for one month, we won’t be able to buy any Saab in a close future. That’s it. As you seem to advice me to “buy Saab parts in Saab Garage, speak about Saab cars etc.”, you could have asked me before if I usually do so (I do). But that is not the point at all. “They also want you to go out and talk to people about how good their cars are and why is it worth to buy one,… Read more »
tmjr
Member
5 years 3 months ago

While the proverbial sword of Damocles hovers above SAAB’s head??? Good luck. Maybe the faithful are willing to fall upon the “sword”, but this issue needs to be settled before the” Average Joe “steps up to the plate.

Remdu67
Member
5 years 3 months ago

you mean : no need to make noise about Saab’s situation is needed?
Do you think then that “your” Average Joe is ignorant to that point? well, …

In fact we all ignore who decides now for Saab ownership and upon which interests. Making noise will probably not give solutions but helps to give a political turn which is obviously requiered.

Bravada from GMI
Member
5 years 3 months ago
Yup, there is no need to make noise and make Saab feel like something that is being kept alive by public protests and so improbably to live on its own that it needs government’s help to survive. That would only prove to the public opinion the notion that “Saab builds cars nobody wants”. It would be a much better idea to get together with your local dealer and organize a “drive a Saab day”, getting as many potential customers as possible to experience Saab and the community spirit. If Saab had enough orders coming in, they could’ve just as well… Read more »
Audun
Member
5 years 3 months ago

TTELA tonight: Olofsson will meet Pang Da
http://ttela.se/ekonomi/saab/1.1227757-olofsson-traffar-pang-da

Nate 9-3
Member
5 years 3 months ago

Interesting…

Remdu67
Member
5 years 3 months ago

Do you either think that people who buy a Saab do not read the news on the paper/web? Ha! This is just denying things. I just will not go on telling lies.

rune
Member
5 years 3 months ago
Guys, calm down. The lack of news is making us all feel antsy. At the moment, things are finally looking up. It has been said several times now that the production will resume tomorrow. Meanwhile, the plant in Mexico have already started producing the 9-4x. Although a little more support from the Swedish government would be nice. I find it strange they allow EIB to dick around. The government should not assert political pressure — true. But: The Swedish government will have to repay EIB if Saab falters. I still think it is a big concern that EIB can actively… Read more »
Bravada from GMI
Member
5 years 3 months ago

I think us, meanin enthusiasts, have already bought as many Saabs as we could. Both us and Saab themselves need to make others buy Saabs, or better yet – make more people Saab enthusiasts!

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