CLEPA tired of Lofalk

It looks like not only SWAN and Saab are very critical about Guy Lofalk’s role in the reconstruction. Sverigesradio.se have spoken to Lars Holmqvist, the CEO of CLEPA. He is very critical on how Lofalk has acted during the process.

– What I hear from Victor Muller, what reads in the newspapers and what is from our industry, he has (Lofalk) acted like he either had assumed that he was the owner of the company or that he was the liquidator of the company, and none of it’s the case. That in his role as administrator to act on their own and thereby interfere with sensitive business solutions, it only shows that he has misunderstood his role and he does not have a clue how to handle these things in our industry, says Lars Holmqvist to P4 West.


When asked why Lowfalk acts this way, Holmqvist admits that he has no idea.

– I have wondered many times over himself. I’ve just noticed his slightly strange way to work and how it interferes with the negotiations. He claims to have Saab’s management with them, I can say that it is not the perception I have said Holmqvist.

I have not been a fan of Lofalk before, hearing this from someone else than Victor or Hans Hugenholtz is an indication that there are some serious issues that are better solved soon. If nessesary, I’d advocate to replace him with someone who knows how to act in such difficult times.

Honestly, I don’t get why Lofalk is stating in public that he thinks the time is over while negotiations are still ongoing and GM hasn’t even decided yet. He may think that way and state it behind closed doors but right now saying it in public only damages the company and the process even more.

My feel is that he has been on his own crusade must of the time, for whatever reason. I don’t believe in conspiracies but sometimes it looks like he just wants to push to a solution that excludes Victor, no matter what it takes rather than looking for the best solution for Saab. Get me right, I don’t blame him for the situation Saab is in, I just want him to do his job and focus on finding a viable solution for the sake of Saab and it’s employees, dealers and suppliers. And after all, for us, too.

aerostar
Member
4 years 9 months ago

For all stakeholders, employees, creditors, dealers, customers, etc, Lofalk should do the ethical thing and step aside. If he is not helping “Reconstruct” Saab,(it looks like he is “destructing” Saab) he is outside his given agenda. Go Guy Go- Away Now.

900 classic cab
Guest
4 years 9 months ago

+1

Saabim
Member
4 years 9 months ago

1+

meg haviland
Member
4 years 9 months ago

+1

DUTCH900C
Member
4 years 9 months ago

I don’t know how many +’es you may place here in one reaction, but i would place as many as possible and as a symbol therefor i do it as:
+ >

Irish Badger
Member
4 years 9 months ago

Any Swedish Lawyers out there? If the court orders the wind up of Saab, would GL administer it? How much would he make doing it? [Is this maybe his true agenda?]

Tilley
Member
4 years 9 months ago

Good to hear this from someone else.

BTW, what is the abbreviation CLEPA? Not translated in the article, unless I missed it.

Petteri
Member
4 years 9 months ago

“Comité de liaison de la construction d’équipements et de pièces automobiles.”

http://www.clepa.eu/faq/

Tripod
Member
4 years 9 months ago

“Comité de liaison de la construction d’équipements et de pièces automobiles.”
We can trust the French to make it complicated. 😀

Tilley
Member
4 years 9 months ago

OK, just CLEPA 😉 Thanks.

Red J
Member
4 years 9 months ago
Tripod
Member
4 years 9 months ago
I agree with Mr. Holmqvist; I find some of GL’s alleged actions quite odd, to say the least. He is an administrator in a reconstruction, nothing else; he could very well have worked closely with the owners, always with the debtors’ interest in mind, that wouldn’t be a conflicting interest of great proportions, doing everything he could to assist a solution. Creating completely new solutions, in stark contrast with what is already going on, is bizarre. What was that with Geely, why in the name of the lord was they called to a meeting in Sweden; and then the other… Read more »
dog green
Member
4 years 9 months ago

Now SAAB needs to get that money before tomorrow or else it´s to late. Yes there are maybe negotiations ongoing , but are they moving forward. Nothing has really come out that points in that direction. Lofalks assignment includes to stop the reorganisations if there aint enough money to go on. And that situation was more than a week ago. I relly hope that something will be announced this evening that can bring some hope to this situation , but I am really doubtful.

Red J
Member
4 years 9 months ago
A promising Sunday has turned out in another everybody discuses with everyone about everything. There was a plan, and to my eyes only one major hurdle, namely GM. Now everyone tries tu pull the rope in its own direction. It is tragic because the lifeline for Saab is coming to an end, and without a MoU, deal or discussion frame next week this time Saab will be history or almost history. I don’t care who is right, and who is wrong, but it would be nice if people would either say what they think they want to do with Saab… Read more »
Remdu67
Member
4 years 9 months ago

Exactly :

– The 1st question is : what GM do think about the new proposal, after having studied it of course?
– And then only : how to achieve a full legal agreement between Swan, Saab, Youngman and “the chinese bank” with collateral approvals (GM NDRC NDO BEI).

But what he or she or it thinks about anyone, we do not really care. Plus it will never make things move forward at all.

Marque
Member
4 years 9 months ago

“But what he or she or it thinks about anyone, we do not really care. Plus it will never make things move forward at all.”

Don’t agree. It is very important to see GL’s actions in perspective. And if his wrongdoing is publicly recognized, it will promote his possible recall and replacement and thus prevent him from doing further harm. At least, if it’s possible to replace the admin., according to the law.

Remdu67
Member
4 years 9 months ago

ok for replacing GL but it will not be based on rumors, but on prouved facts, and I really wonder if Saab has time, energy and money left to go into such a legal procedure now.

aop
Member
4 years 9 months ago

by chosing GL as administrator in the reconstruction, SAAB made things 10 times tougher for themselves than they already were.

Keith
Member
4 years 9 months ago
If you read and consider the reports and official comments of the past few days you can only come up with one honest conclusion – there is no new plan. If there was, public company SWAN would be compelled to communicate that. The place it was initially reported was here – and that was alongside the “confirmed” information about The Bank Of China. Saab’s own release suggest no such thing. I’m not suggesting an intentional effort by SU to spread bad info, but somehow they did. How would be conjecture, and I’m not going there. But the simple fact remains… Read more »
aop
Member
4 years 9 months ago

Keith,
I don’t know if anyone had ever been able to convice you of anything, but just in case (I just use google trans as a workaround here):
http://translate.google.be/translate?hl=fr&sl=en&tl=fr&u=http%3A%2F%2Fwww.just-auto.com%2Fnews%2Fclepa_id117814.aspx&anno=2

Keith
Member
4 years 9 months ago
Thank you for posting that aop. Did you read it? It underscores exactly what I said. From the article: “For the moment, what Victor Muller is doing is negotiate with [manufacturer] Youngman and Chinese investors.” …and I totally believe that. VM is trying to come up with a negotiated deal between Youngman and an unnamed investor. When and if he does, then he will have a plan to submit to GM. I salute VM’s efforts with you – that man has energy. If you wish to believe writing that is unable to cite actual sources, but instead must say the… Read more »
aop
Member
4 years 9 months ago

I read it of course, continuing negotiations doesn(t mean a plan has not been submitted in my opinion. But as you could imagine, this plan is probably not a two pages document and it should be improved and addapted as they go. For now, GM’s approval is required for the plan to go forward.
As far as the plan not being made public, it really doesn’t surprise me. Do you read often the details of a merger&aquisition deal before the deal actually gets approved by relevant parties?

Keith
Member
4 years 9 months ago
Agreed, details before a deal is done would not usually be released. But, via this site and some intentionally leaky source, that is what we got. And it turned out some of those details were wrong. Various versions of an almost deal have been floated for months. With unnamed sources, unnamed banks, and conflicting statements out of China, will this be different? Perhaps we can agree on this aop – however near or distant it may be – we both hope that a Saab deal can be created that provides Saab with real ongoing economic support, and can also be… Read more »
Tripod
Member
4 years 9 months ago

I see it like this: the press release was a response to the rumours; and in similar cases they have always stated that there are ongoing negotiations, to write something else in this case would mean a deal or end of talks. There could very well be a plan submitted, as mentioned by aop, and still matters to discuss for the involved parties that isn’t of GM’s business.

Khrisdk
Member
4 years 9 months ago

No reason to try to convice Keith
I would just wish he would not try to convince everybody in here that he has seen the light and the truth and that we are the stupid ones for not accepting that.

Marque
Member
4 years 9 months ago

I am pronouncing very softly, Keith, moose, scand……… don’t all these handles appoint to exactly one person anyway? Sorry but based on many things, I started to have this impression.

Khrisdk
Member
4 years 9 months ago

No. They are expressions of general idea that VM is a fraud, that the SU-crew are Sycofants and peole in her need enlightenment
The basis of that is different in the personas
But some of them has been here under other names before

MrTinkertrain
Member
4 years 9 months ago

MrTinkertrain is tired of Youngman, Pang Da, NDRC, SweGov, windmills, CLEPA, Lofalk, DI.se, Ttela, GM. So what? 🙂

Marque
Member
4 years 9 months ago
Finally, an observation from a third party’s perspective. I hate to repeat myself so many times, but many people just fail to get this right: The administrator’s main focus should be to turn the straitened business into a viable one. Second: The ADMINISTRATOR and the OWNER must cooperate and work TOGETHER on a solution! Third, Owner(s) rights to their property (IE. the company itself) do stay while in reconstruction. The only thing is that every action the owner(s) make, should have the consent of the administrator. I guess, when Mr Holmqvist says that GL is confused about and has misunderstood… Read more »
davidgmills
Member
4 years 9 months ago
Are you a Swedish lawyer? Because if you are not, then I don’t think you have any business telling the rest of us what a Swedish administrator’s duties are. I am an American lawyer and I have some idea of what a trustee’s duties are in the US and a trustee here is not obligated to straighten out a business when there is no financing for the business. With proper financing in place, yes. With inadequate financing. No. If Sweden is different, then I suggest getting a Swedish lawyer on this board to help us clarify the matter.
Tripod
Member
4 years 9 months ago
It doesn’t matter much if he is or not; we have seen quite a lot of comments from the US, saying this or that, and they didn’t hesitate to comment on the matter, even though they don’t know the applicable Swedish law. You have commented on the matter earlier, davidgmills, quite vigorously; you say you are lawyer, and have said so earlier. Let me use your question: Are you a Swedish lawyer? Because if you are not, then I don’t think you have any business telling the rest of us what a Swedish administrator’s duties are. It’s true that funds… Read more »
aop
Member
4 years 9 months ago

I think you should read this document , davidgmills
http://www.ekonomiskhistoria.se/file.php?type=document&id=30.
I’m not a lawyer myself and I’m surprised you use the term of trustee, as I understand it, under American law has nothing to do with Reorganization but rather bankruptcy, am I wrong?

Marque
Member
4 years 9 months ago

I am not Swedish, nor a lawyer, nevertheless, it’s nothing to do with me but rather with the Swedish Reorganization Law.
I cited my message from a legal publication, a book describing the European Reorganization Laws.
The passage I cited was in the section of the Swedish Reorganization Law.

To find out more about the source:
Anders Holmgren,The Swedish Reorganization Law
Corporate Rescue, (C) 2004 Kluwer Law International

Marque
Member
4 years 9 months ago

@davigmills: If I was a lawyer, (I am an IT professional/manager instead) I possibly wouldn’t know a crumb about the Swe Reorg Law myself, just as my lawyer friends don’t. Here in Hungary we don’t have such a law.
BUT please don’t tell me not to tell something that I have the source to, nor do assume I am talking without checking my facts first.

Marque
Member
4 years 9 months ago
“in the US and a trustee here is not obligated to straighten out a business when there is no financing for the business. With proper financing in place, yes. With inadequate financing. No. In accordance with the Swedish Reorganization law, it is the court who first judges whether the business can be made viable or not. If it assess it viable, then the court grants the right to move into reorganization (exactly this happened to Saab previously) and the administrator enters the scene who then has to exploit the means of making the business profitable. On the other hand, what… Read more »
saabonaut
Member
4 years 9 months ago
The situation wit Guy Lofalk at the moment is quite unfortunate and ongoing discussions about a future with or without victor muller are rather misleading. I just remember the beginning of this year with the presentation of the 9-3 concept phoenix, the marvellous presentation and collaboration between Castriota and Muller, the reorientation/-definition of SAAB and the great image it generated. All this was awesome! The dutch impact on the swedish brand was simply “scandinavic”!! Muller not only as owner but as “refresher” and communicator created great public feedback – letting everyone know Muller / Castriota, that’s the new way !… Read more »
hilmar
Member
4 years 9 months ago

+900+9000+9-3+9-4+9-5 !

Nate 9-3
Member
4 years 9 months ago

I suspect that between 2009 and 2011 GL was bought off. His actions and what they might accomplish will point to who it was that paid for him.

hilmar
Member
4 years 9 months ago

One should consider to reduce the salary of this guy because of his bald job performance.

ryanonsrc
Member
4 years 9 months ago

Honestly, Any argument suggesting this is *not* a conspiracy feels a lot like arguing that The Sun orbits The Earth: convoluted and unlikely.

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