Statement from SCNA

The news is coming to us fast this morning. We have the most up to the minute coverage here at SU, stay tuned for many more bulletins throughout the day.

We continue to negotiate the terms of the proposed agreement with all parties involved.Β  It is premature to comment on a outcome at this time. We remain optimistic on Saab’s future.

skn
Member
4 years 10 months ago

Yep – and so should we. SAAB UP!

TurboLamko
Member
4 years 10 months ago

SAAB UP πŸ˜€

TurboLover
Member
4 years 10 months ago

saab up!

Ronnie_Rad
Member
4 years 10 months ago

Let’s stick it to them then.
If GM wants to play hard ball, then let’s play by their rules.
Saab YM/PD should have a new deal where SWAN owns 1% of Saab and YMPD own 99%.

Then the technology agreements still would stand, no?

and can someone specifically state what “technology” is at stake here? if they are talking about those ugly cheap radios in the 9-3, then tell them to keep it as a parting gift.

Kurt Schirm
Member
4 years 10 months ago

i think for it to be that “easy” SWAN would have to retain controlling interest.

Ronnie_Rad
Member
4 years 10 months ago
well if thats the case, SWAN own 51% and YMPD own 49% and establish a put option (like when GM bought Saab in 1990, and exercised their put option in 2000 and therefore owned 100%). Have a 10 yr put option in place, so Saab can keep the technology agreements. and YMPD can take the remaining share in 10 years. Time to think outside the box. I understand getting all the parties to agree to the above would be difficult, but it is certainly plausible. And the above might not convince GM, but it would at least open the door… Read more »
ivo 71
Member
4 years 10 months ago

That is actually a very good idea, an exclusive and obligatory put option. All it needs is that the co-operation between Pang Da, Youngman, Saab and Swan remains in existence and doesn’t change for as long as it takes for the GM IP to become non-exclusive. In the meantime, however, none of the parties would be able to sell their shares and couldn’t cease trading or merge or whatever. That may evolve into a problem given the present state of the world economy.

Still, I’m pretty sure the parties involved will include this option in the negotiations.

Ivo

Ronnie_Rad
Member
4 years 10 months ago

This is what makes the Saab ordeal so strange. Usually when large company is transitioning between owners, a put option many times is obligatory. But why was this not the case between GM and SWAN? and I can go on to ask the question, Was a put option included in the current or previous (54% deal) deals with the chinese as well?

Interesting times. But its time to come up with even more interesting alternatives and bending of the rules. πŸ™‚

Trued
Member
4 years 10 months ago

Why not bring in Baghdad Bob, if he is available.
Guess the price of Saab is down to the 200 million SEK now the initial bid from YPA.
Where is Christian von Koenigsegg where is bard Eker
Norwegian oil money.
Sure there must be any capital strong swedes with the Saab feel!
Look under every stone around the world NOW!

GerritN
Member
4 years 10 months ago

His Majesty Carl XVI Gustaf?
IKEA?
Maybe they can join efforts?
Imagine the commercials; Carl Gustaf hauling royal furniture from IKEA in Saab SC!

TurboLover
Member
4 years 10 months ago

Jeff! you have been saying so much without saying anything. we Saabnuts are now totaly lost. Help us to sanity please!!!

skn
Member
4 years 10 months ago
Here’s the issue: the auto world is about to completely change. A niche player that wants to play with the big boys needs to have something that will lead that change. Saab has GM tech – not what you would call “leading edge.” Saab has a brand and also an amazing heritage and following. Not enough by itself to lead – but with the right design and tech, very powerful. Look at it this way – design and tech minus brand, heritage, following – very hard to get going. Not impossible – Tesla is doing it. What if you have… Read more »
Chris Carrier
Member
4 years 10 months ago

So tired of hearing from some Saab fans about how they were GOING to buy a new model but it didn’t quite meet their standards. They’ll continue driving their 1988 C900 (worth ~$5k). Give me a break.

skn
Member
4 years 10 months ago

as is typical of saab fans, you rush to judgement. i went and bought a shiny 9-5 aero instead. chill out.

skn
Member
4 years 10 months ago

and just so its very clear – its a my 2010 – with every option i could get.

Khrisdk
Member
4 years 10 months ago

Ehh…What’s Up Doc ?

So, now we are back to the real business stuff.
Get working πŸ˜‰

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