YES to continued reconstruction
October 31, 2011 in News
Saab gets to continue its reconstruction. It was decided just a few minutes ago during the creditors-meeting in Vänersborg. Not a single one of the creditors said no.
The creditors were positive to Saab’s businessplan and believes in a future with the company. There is still no payment plan for the creditors, basically there has been no time since the agreement last week to develop one. The creditors will get more information about the re-payment of debts during the planned meetings in the future.
Except for the chinese funding, Saab has established a savings program to decrease cost with one billion sek.
Guy Lofalk, the administrator said that the new owners Pang Da and Youngman are not looking for a quick buck but rather a long term strategy.
Jasper said on October 31, 2011
The Fat Lady (also known as Fatso) has finally sung.
She can now go home.
SAAB will go on and on and on and on………………..
74StingSaab said on October 31, 2011
YAY!!! truly very good news and a much needed ray of sunshine on our friends in THN.
saab93f said on October 31, 2011
The obese woman can pack her bags and go find a stage elsewhere. Trollhättan did not welcome her
Live long and prosper, Saab!!
brammelo said on October 31, 2011
YES!!!!
Motoradd\'s Cat said on October 31, 2011
Let’s hope that the obsession with the fat lady is over!
Reconstruction to continue is a real no brainer.
Looking forward to the new 9-3 hatchback, that’ll be my next new Saab.
Peter Gilbert said on October 31, 2011
How about taking the fAt Lady home in a new 9-5 Aero. After all it is one of the biGGest values for money out there, with a choice of suspension rides!
kochje said on October 31, 2011
Very good news and the fact that the Chinese do have a long term plan, and so as well a long term vision, is very positive.
Jos said on October 31, 2011
I thought I’d just read on Inside Saab that there was no question of a vote by the creditors. Confusing. Still good news however.
TonymacUK said on October 31, 2011
Excellent!!!!!!
martinsaab said on October 31, 2011
Good news! GO SAAB!
Coggy said on October 31, 2011
Ecellent. I hope this means production will start up soon, and production mostly stays in Trollhatten.
Tripod said on October 31, 2011
As mentioned somewhere else, they will send a plan to the creditors, i.e. suppliers et al, at the end of November, or in about three weeks; then there will be a meeting, after the holidays at the district court, 10 January, I think. It’s difficult to assess how quick process this will be; and how the aforementioned will impact restart of production. That is way too early to comment in my mind; with a reconstruction now going forward, I expect them to work on the reorganisation projects and to communicate with all parties involved that have to say yes to all this, and moving from the MOU to a final deal.
Yes, I am also looking forward to restarted production.
DUTCH900C said on October 31, 2011
However it’s not 100% over, different parties have to give their finaly yes, i will see this as the best news about SAAB for weeks!
Troels, Denmark said on October 31, 2011
Good!
theSandySaab said on October 31, 2011
Well, this has gone on for to long now, I am sure I can blame the Saab soup soap for part of my increasing blood pressure! Even if Saab must have used up some of its’ 99 lives, there are more left, I am sure…
BUT, finally there is light at the end of the tunnel. While I am sure the YM/PD tried some negotiation tactics, once onboard, I personally believe & hope this can develop into something very positive over thee next few years. Just hope that GM wont cause any headache…
Anyways, can’t wait to get my hands on the new 9-3 replacement…
Saab Up!
Tilley said on October 31, 2011
“Just hope that GM wont cause any headache…”
My thoughts exactly. I’m withholding my celebrations until it’s really all over (even though I’m celebrating inside!)
Carmania said on October 31, 2011
Here´s the next 9-3 (!!!):
http://www.svd.se/naringsliv/motor/har-ar-saabs-hopp_6596872.svd
No 9 said on October 31, 2011
How sweet it is to be able to speculate on a future model and think it actually might be built!
Except for the pronounced rear wheel arches, it looks like a winner… and a SAAB!
Chris_de_Ze said on October 31, 2011
That made my day!
Way to go Saab! Way to go!
No 9 said on October 31, 2011
Griffen way up!
No 9 said on October 31, 2011
Griffen WAY up!!
TurboLover said on October 31, 2011
Fat lady is put on an extreme diet, she ‘s gonna look like a supamodel in notime…
dave said on October 31, 2011
yeah ! we’re getting closer and closer
Saabheart said on October 31, 2011
Yay a good day!!
I just want to see a funding timeline and then I want to see the funding get there. Lets fire up the production line already!
Also, I’ll be ready to buy a new car in late 2013, early 2014… This could be a great time to do so
Piet-Hein Schlimme said on October 31, 2011
this calls for a celebration. i’d say: next year, somewhere in the beginning of May, somwhere Up North…
Coggy said on November 1, 2011
OK, I just hope Saab continue in business, first; for the next 3 years to cover the warranty on my new 9-3 TTid Sportswagon, then for another 3 years to cover the warranty on the 9-5 I plan to buy next. After 6 more years I might try the new fastback 9-3, or maybe the 4WD 9-4.