Dagens Nyheter on the new proposal from YMPD

Dagens Nyheter has posted a short article on what they think the new proposal from YMPD for GM is. As you can see, they are still trying to reach a 100% ownership of Saab, but now Youngman would be the minority owner.

I’m not sure if this will make GM move from the NO to a YES, but I also don’t think that YMPD has made this proposition without knowing GM’s real reasons for the NO.

We are now in a similar situation as in December 2009, we have a GM not willing to sell, and a new owner with very interesting plans for our beloved brand. I’m only hoping that this time the new owner really has the money needed to make Saab flourish.

New proposal for Saab ownership of GM

Chinese Pang Da and Youngman, according to Dagens Industri submitted a new proposal on how the shares in Saab should look like, in an attempt to appease the former owner GM.

Instead of carmaker Youngman get 60 percent stake in Saab Automobile, which is opposed to GM, the car salesman Pang Da take over the majority of the shares.

– I can not comment on what GM may or may not accept, says Rachel Pang, president of Youngman, the DI.

TT

johan
Member
4 years 10 months ago
I´m not sure this is right, actually. The Dagens Nyheter article is a short rewrite made by news agency TT, based on an article today in the paper edition of Dagens Industri. I have read the original article, on which this TT paragraph is based, and I fail to draw the conclusion that a new offer has actually been submitted to GM. I think TT might have misinterpreted the original DI article. The headline of the original article is “We cannot understand how the Chinesese are thinking”, and the first sentence in the text reads: “The reluctance of Youngman and… Read more »
DUTCH900C
Member
4 years 10 months ago
aop
Member
4 years 10 months ago

Johan , would you care posting a link to that article on di.se ?
Thanks.

johan
Member
4 years 10 months ago

aop, unfortunately it is not online. Di.se are not allowed to publish the paper edition articles in full. They have to rewrite them too, like any other media.

Tripod
Member
4 years 10 months ago
DUTCH900C, It has also been mentioned yesterday in off-topic comments to “Antonov, Saab and their fans” with links to SVT in Sweden here: http://saabsunited.saabklubben.se/2011/11/antonov-saab-and-their-fans.html/comment-page-1#comment-167672 And below in the same thread of comments, again, here: http://saabsunited.saabklubben.se/2011/11/antonov-saab-and-their-fans.html/comment-page-1#comment-167682 And perhaps somewhere else. Anyhow, it is said that they would like to send funds, but have to wait on permission, and that the new proposal meant that NDRC had to restart its process (that would be the change from 54% in Swan to 100% in Saab); then what about the latest news? If for each new proposal the NDRC has to start their process… Read more »
Tripod
Member
4 years 10 months ago

… awaiting moderation.
Ah, should have made one link and referred to the two comments, or simply mentioned the post by name. How about another limit on internal links?
On the other hand, links are not that common in comments.

Massimo
Member
4 years 10 months ago

I think the last proposal could be like this: YM 40% PD 40% a third subjet 20%. Third subjet could be a guarantee about licenses and production.

Belfast_Saab
Member
4 years 10 months ago

Pand not a threat to IP unlike Youngman who are. But in practice, does % shareholding prevent copying IP?

scand
Member
4 years 10 months ago

A friend of mine is part of IBMs M&A team, they were looking to buy a European software co, and during the due diligence, found out that a Chinese jv partner of that European co had quietly registered all the IP in it’s own name in china.

liftarn
Member
4 years 10 months ago

Copying IP is probably not an issue since Buick Lacrosse that shares the NG9-5 platform is already being manufactured in China.
The fear seems to be that Youngman/Pang Da may sublicense the IP and that might hurt GM sales in China.

lundin
Member
4 years 10 months ago

Thanks for the info.One can ONLY hope that this proposal is based upon feedback from GM,great in that case.

If not,it is dead in the water.From GM:

“No. Let me be clear. Saab and Youngman can do whatever they deem best for the company. But if there is one hundred percent takeover of Saab, they will do it without the vehicles we supply, 9-4X, and without GM’s technology, “”–James Cain

Allan B
Member
4 years 10 months ago

Is it possible GM would re-enter as a minority partner (eg PD 40, YM 40, GM 20) in tandem with legal caveats about their IP?

michaelb
Member
4 years 10 months ago

Technically, GM could convert all or part of their shares into voting shares with a veto right on IP-issues related to China. Needs a respective shareholder agreement with advance agreement for the years to come. Probably by 2016 the shares would be repaid by the other shareholders anyway.
Would imply that the other shareholders (PDYM) finance the operation and do not have full freedom on existing and new models from 2014-2016. By 2016 Saab would have to have developed their successor models, either with license fees paying to GM or other producers.

lundin
Member
4 years 10 months ago

Allan,

No one, expect the management knows the answer to all of our innovative ideas! We can only hope such questions as been forward to GM as it is being more innovative than doing yet another 100% proposal over and over again (note, if its not based on GM push backs/feedback that is).

scand
Member
4 years 10 months ago

Is it possible? Yes. Is it likely ? No. GM already has problems in Europe, and it’s reduced brand strategy, on the whole, is working. They are not gonna revisit prior to 2009 again.

Allan B
Member
4 years 10 months ago

Yes, at this stage in the game I also would hope that such a proposal might be getting an airing. And thanks michaelb for the initial answer to the question.

Ian Glenday
Member
4 years 10 months ago

I believe that were GM to include a requirement that SAAB use a specific amount of GM content over a finite period of time as well as a specific number of 9-4x’s over a specified time period would alleviate some of their concerns since this would satisfy some IP iinvestment relative to ROI.

Thylmuc
Member
4 years 10 months ago

Now that is a completely new idea!! Could it actually be that GM does not oppose the purchase because they fear a technology drain to China, but because the Chinese might decide to get more parts from other sources as fast as possible? Interesting. Haven’t thought about that.

ivo 71
Member
4 years 10 months ago

Hmmm…I doubt that this is GM’s motivation to say no. The product volumes for and cash flow from Saab as a customer may sound big to most of us but are not much more than a drop, well, maybe a pailful in the ocean for a giant such as GM in comparison to their totals.

Ivo

Eagle63
Member
4 years 10 months ago

It seems GM never truly lost it’s grip on Saab.
Luckily I bought a (0 % GM) Saab 9000 recently…..
I love those ‘timemachines’ that take you back to the ‘good ol’ days’……

ivo 71
Member
4 years 10 months ago

Re 9000: GM wasn’t involved in the design and development of this model, Fiat, Alfa Romeo and Lancia were. But many parts of your 9000 are sourced from GM. Your gearbox, to name just one.

Ivo

Eagle63
Member
4 years 10 months ago

Wasn’t the ZF automatic gearbox coming from Friedichshafen, Germany ?
http://www.zf.com/corporate/en/homepage/homepage.html

But what I really mean is; there are absolutely no cheap GM switches, button or radios in the 9000; its all typical solid Saab-stuff of that era. Compare the rock-solid light switch for example with the feeble stuff they’ve put into the more recent model-years of the 9-3 and the OG 9-5…

ivo 71
Member
4 years 10 months ago
I totally agree with you re. the build quality, the interior, the materials used etc. As to gearboxes: mine, a manual, has a type code that starts with GM 🙁 . It’s also the only serious component I had to replace -at 290.000 km- during the 3+ years I have owned my 9000. What I agree with even more strongly is how pleasant it is to be able to drive a fast and spacious car that simply breathes quality and luxury, this in addition to being pretty sure that you get from A to B without any problems at all,… Read more »
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