WooDz
Member
4 years 11 months ago

I am right in thinking there has been some backlash to the idea of a 100% Chinese take-over?

So what is the great news.
That Saab sees another day?
That the workers will get paid?
That Muller is finally gone?
That China now/or will own Sweden’s car companies?

Personally I find it a bit of a sad day because it means Victor Muller didn’t reach his goal. I wish every bit of luck to the new Investors, they have a bigger hill to clime than when GM sold SAAB to Spyker.

TurboLover
Member
4 years 11 months ago

“they have a bigger hill to clime than when GM sold SAAB to Spyker”, true, but also much deeper pockets

phermansson
Member
4 years 11 months ago

Müller says himself that he is happy and that he reached his goal that Saab will live on. Most of the people on the radio, suppliers, unions etc are happy. So I celebrate instead of mourn.

fascivol
Member
4 years 11 months ago

Believe me, Victor achieved the best he could currently get against the threath of bankruptcy, from which he would have lost almost everything.

From a SAAB perspective, let’s just look at Volvo and hope these Chinese firms will behave like Geely does.

Don’t forget Saab was close to die, therefore smile to a new life!

MariusGTV
Member
4 years 11 months ago
While I am delighted that Saab ‘appear’ to have been saved, I will hold back from out and out celebration until the deal is fully done. This is only an MoU, nothing more and as we have all seen over the last year or so, an MoU guarantees nothing. I don’t feel that we can truly say Saab lives on until production starts again in THN. Until then all we can say is Saab is not dead. The longer that takes, the less likely the Saab we know and love will survive the way we would want it to. For… Read more »
Pedro
Member
4 years 11 months ago

What exactly is your fear of stripping “what they want”: Phoenix once it is fully developed?

Troels, Denmark
Member
4 years 11 months ago

Can anybody send a link to a Swedish TV-channel, reporting from the soon beginning press-conference ????

Coggy
Member
4 years 11 months ago
So far means that the Chinese have agreed to buy Saab and Saab GB. I live just 1 mile from what was Britain’s largest car plant, MG Rover. In 2004 Shanghai Automotive Industry Corp. of china signed a deal with MG Rover to have a 70% stake in MG Rover, to be ratiefied by the chinese Government (the NDRC). Sound familiar ? The Chinese company bought the rights to the 2 MG Rover models currently in production, but not the name Rover or MG. In 2005 MG Rover suspended production because of a shortage of supplies, then the company was… Read more »
Jonas Axelsson
Member
4 years 11 months ago

Perhaps it was you, but someone posted a photo log of the remains of the MG plant. I saddened me to see those cars ready to almost roll out the door just left abandoned. You would hope someone would but the place and contents at tax sale just to get those cars and parts back in circulation?

fido
Member
4 years 11 months ago
That’s why i hate government own big company like SAIC, Nanjing Auto. Do you know why MG’s story would be so bad? Because Nanjing Auto is b***it. at the beginning, SAIC want take over MG, but Nanjing Auto buy the factory and brand name before SAIC. and in fact Nanjing Auto just want to use them to blackmail SAIC. Nanjing Auto don’t have resource to retain factory. SAIC did not yield, than use MG’s tech build their own brand, ROEWE. but without MG brand, their own brand will not sell well outside china, so they just sell ROEWE in china.… Read more »
Niklas G
Member
4 years 11 months ago

Oooh, I like this line:

Victor Muller: Kineserna har bett mig att i framtiden arbeta väldigt nära Saab för att hjälpa till med utveckling av företaget.

or in English:

Victor Muller: The Chinese have asked me to work very close to Saab in the future, helping to develop the company.

jouni72
Member
4 years 11 months ago

this is good news!

MrTinkertrain
Member
4 years 11 months ago

Considering the Chinese aren’t lying.

TurboLover
Member
4 years 11 months ago

I’m no fan of Bob Lutz, but that kind of position is what Victor would seem to fit perfekt for. True Saab hero!

Thorfinn
Member
4 years 11 months ago
Anyone else been listening to Victor Muller’s press conference (relayed live by Sveriges Radio)? A couple of things I noticed: 1) Victor M. sounds like a really together guy – came across very well. 2) He REALLY, REALLY doesn’t like the Swedish Television people! 3) His comments about the corporate qualities of Pang Da (small, entrpreunurial, dynamic) and Youngman (huge, ferociously well-organised, massively wealthy) were encouraging 4) He clearly wants to remain involved in SAAB…one can’t help but think that the Chinese would be crazy to ease him out 5) Sadly, my connection was interrupted as he was about to… Read more »
Tim
Member
4 years 11 months ago
The following was reported by Dow Jones (used Google to translate). I guess this is what VM said during the press conference… Saab CEO: No JV with Pangda, Youngman Saab CEO: Youngman receives 60% interest, 40% Pangda Saab CEO: Short talk with General Motors Saab CEO: production remains in Trollhattan, Sweden Saab CEO: Pangda and Youngman will invest more than EUR245 million Saab CEO: still not ruled out layoffs Saab CEO: wages are paid within days Saab CEO: Acquisition strengthens position in China Saab CEO: 200,000 to 300,000 in 2016 to sell cars in China Saab CEO: by Pang Da… Read more »
Pedro
Member
4 years 11 months ago

Saab CEO: 200,000 to 300,000 in 2016 to sell cars in China

Sorry, didn’t quite understand that one: is that units or is that investment?

Tim
Member
4 years 11 months ago

It seems I forgot to check a few lines. In this case VM expects to sell 200-300.000 cars in China by 2016.

Pedro
Member
4 years 11 months ago

That is quite a lot, starting from s position of nearly zero… Especially if the Chinese Government fails to soft land the economy… Let’s hope for the best!

Audun
Member
4 years 11 months ago

Todays news about SAAB got a good cover in NRK P1 Radio in Norway some minutes ago. 🙂

No 9
Member
4 years 11 months ago

@Tim: JV?

Thorfinn
Member
4 years 11 months ago

Joint Venture, I would imagine.

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