New information sent by the chinese
November 19, 2011 in News
In an SMS to TTELA Victor Muller confirms that the chinese have sent additional and new information to GM in hopes that it will expedite the negotiations. The information that has been sent is based upon results from the negotiations of the previous week.
saabtec said on November 19, 2011
Positive sign indeed.
moose said on November 19, 2011
I would not take this neither positive or negative sign. On the other hand it confirms that GM still does not approve the proposed ownership changes, and on the other it confirms that there are still constant discussions ongoing…
It can go either way…
Jeff said on November 19, 2011
You’re right moose. In fact, we’ve heard whispers that the deal is a long shot. Can’t go into it more than that. Crossed fingers, but strong possibility it’s back to the drawing board (where several alternative plans are waiting to be submitted).
Red J said on November 19, 2011
The words
makes me nervous.
tmjr said on November 19, 2011
“long shot” ? — I was hoping that TIMR’s update to SU 2.0 was an indication of some positive inside info. I guess I was wrong.
Jeff said on November 19, 2011
He’s just letting you know that dialogue continues. That in itself is good news. Saab obviously wants it to go through, as do we.
Hans H said on November 19, 2011
Drawing board? Aren’t they using CAD nowadays.
Bravada from GMI said on November 19, 2011
Discussions require both parties to talk. If GM confirms they are indeed reviewing it and considering the options, it will mean the discussions are ongoing. I guess we’ll find out soon, as SU is apparently on good terms with the GM spokesperson.
ArchDandy said on November 19, 2011
Good to hear something.
100%Saab said on November 19, 2011
Talk is good. Action is better.
Just a thought.
dezzer said on November 19, 2011
i’m a newbe to this site…hi everyone…..22 saab’s under my belt since 1977….if saab go under, i’ll have to make the visit to GM hq and have a word !!11
Saabo said on November 19, 2011
Agree on that one…
rallyho said on November 20, 2011
Wow, they break faster than you can fix then?
Like old Texas joke. Texan stops by a Maine potato farmer and says to the old Mainer, “Why in Texas, it takes me two days to drive around my ranch”. The old Mainer looks up and says “Ayeyeah, had a car like that once myself”.
ivo 71 said on November 20, 2011
Many of us will join you in an ‘Occupy GM’ action. And welcome to SU.
Ivo
aop said on November 20, 2011
I am surprised that everybody seems to forget that GM still holds prefered shares in SAAB with a face value of $326 millions. That makes GM the largest sponsor of SAAB at the moment, as much as this may sound strange. So it’s not just about IP licencing, in my opinion, but from a business point of view, GM can not simply approve the 100% Chniese ownership because their already existing partnerships in China. That will put them in a position where they probably have they have the JV with SAIC and at the same time they will come in as supporting a competitor as the largest sponsor.
So let’s cool down a little bit on GM, as they aren’t really the bad guys in this story. This deal never had any chance to go through with GM, so I’m surprized how Guy Lofalk and the Chinese didn’t see it. That should give us an ideea on the hell that those negotiations must have been before the creditors meeting on Oct 31st.
aop said on November 20, 2011
…. sory for the typos in the text … I didn’t have my coffe yet
mike saunders said on November 20, 2011
aop, you’re using logical reasoning instead of urging Saab fans to light torches and sharpen pitchforks against big, bad, evil GM. That sort of thinking will never fly, sir.
Khrisdk said on November 20, 2011
Oh Yes it will
Even though GM I think that GM was incompetent in handling Saab for their ownership period, they are still very much a part of Saab and the negotiations.
It still surprised at GL and the 100% deal though
And I still have a distinct dislike of GM’s way of handling business in general and their products after 1970, but that’s another story