Saab reconstruction: the morning after

Time for a quick review of the press reports that day after Saab filed their papers for reconstruction in a courthouse in Vanersborg.
TTELA Part 1
TTELA is the local newspaper in Trollhattan and a great source for local stories. Their first story today is some general coverage of the event with comments from Jan-Ake Jonsson.
The core of the plan is the collection of new vehicles that are in the pipeline. Saab are really counting on the new 9-5 and 9-4x to bring enough interest to the brand to carry them through until the real breadwinner, a new Saab 9-3, can come online.
Jan-Ake cites the new range and the costs/benefits to the Swedish and local economies as the pressing reasons in favour of the plan.
Discussions are continuing despite Maud Olofsson’s speak-to-the-hand stance. Jan-Ake had discussions with Joran Hagglund up until the night before the announcement. He stated that a government stake in Saab was GM’s initial proposal, but this hasn’t been taken any further for some time now. Perhaps Maud doesn’t realise that this is off the table now?
TTELA Part 2
Saab’s new best friend, administrator Guy Lofalk stated that rightsizing the organisation is inevitable, meaning job losses for the locals in Trollhattan.
The cost cutting will be necessary just in terms of getting the cost structure right, but also because of reduced demand in the short term.
There’s one note of major importance in this article:
Saab’s next important deadline is April 6. This is the date by which a plan has to be submitted to the court stating how Saab are going to restructure. This plan will be prepared by Jan-Ake Jonsson, the administrator Guy Lofalk, and consultant Stephen Taylor.
TTELA Part 3
The final report from TTELA is a commentary by Magnus Nordberg, whom I don’t know but who might be familiar to Swedes.
If I’m reading my translation correctly, Mr Nordberg seems to draw a line between the public’s support for the government’s anti-GM stance, and the public’s pro-Saab feelings.
This is a pretty important disctinction that probably hasn’t been discussed so much. The impression that I get is that people do want Saab to survive, but do not want GM to benefit from the process at the taxpayer’s expense.
Mr Nordberg wonders why so much money has been set aside for the automotive industry with very little of it being paid out to anyone. He seems to pretty pro-Saab, indicating a fair level of support for what Saab has to offer at this time in their history.

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