Some quotes from ttela.se as mentioned by RedJ in comments:
According to the TTELA CEO Victor Muller and administrator Guy Lofalk today meet representatives of the two Chinese companies, Youngman and Pang Da in Stockholm.
All on one table. Good.
Saab’s cash is virtually empty and without money from Youngman, the company simply can not continue reconstruction.
Exactly why not Youngman-money already received is unclear. It may be that you do not agree on contract design. But it can also be as easy to come Youngman wary since it became known that Guy Lofalk brought parallel talks with Geely.
The Geely-track, which Lofalk apparently drove without Saab management’s knowledge, seems to have reached an impasse. This, as reported to TTELA – and it is also true with the statement Geely did this weekend.
Therefore, the Saab back to its original plan, which is about to get Youngman and Pang Da as a partner.
Technology License Agreement with Youngman involves using Phoenix technology for next-generation Saab models as collateral to obtain funds from the Chinese company “in advance”.
At today’s meeting must convince Youngman Saab’s management not to pull out. In particular, it reports that the government could bail out the mortgage limits for the government loan guarantee, that is, including Saab’s production equipment and spare parts company, and then sell them to anyone who should have done that Youngman hesitate. They are therefore within the agreed advance payment of 640 million.
It might well be that Youngman/PangDa were not to happy about the talks with Geely. I hope that all are now back to working on the initial plan to get this done. Now.
UPDATE from Jeff
Suddenly things seem a little sunnier at the negotiating table in Stockholm.
“Work [is coming] along nicely. There are no plans to replace Mr. Lofalk,” Victor Muller told TTELA, while he and Guy Lofalk negotiated with Youngman and Pang Da in Stockholm.
If Saab’s reconstruction would be interrupted ends the stay of bankruptcy against the company. Normally when a district court the bankruptcy negotiations within two weeks by Judge Cecilia Tisell in Vänersborg.
After the Union, IF Metall and leaders withdrew their bankruptcy petitions, the members have since received a salary from the government wage guarantee, the only bankruptcy of the subcontractor Takata-Petri.
On Tuesday afternoon it had not received any request to replace the administrator or to stop reconstruction.
The right to request that the reconstruction will cease, Saab (debtor), creditors (creditors) and the administrator.
There is no provision that Saab must ask itself in bankruptcy if the reorganization is terminated.“Mr. Lofalk is doing a good job. Any ambiguities that arose last week have cleared up during Tuesday’s meeting,” said Muller about Monday’s negotiations.
It’s nice to see everyone working together on a plan forward. This isn’t that complex of a deal when you break it down. Saab has new IP not owned by GM (Phoenix) which was loosely based on Epsilon but is now an entirely different beast (as opposed to reports we’ve been hearing from Autocar). The Chinese have known this from the get go, this isn’t some new cog in the gears of the approval process, if it had been an issue it would have been brought up far sooner. This is more about who gets the rights to the tech when and how. That’s what they’re working on at the table now, and that’s what we’re hoping they can iron out ASAP.