From Christopher Johnston, CEO of Merbanco and one of the bidders to acquire Saab Automobile, a Christmas eve update on the Saab sale situation:
We are patiently making progress and have considered and agreed to everything we have been asked. All of our Sweden and Management partners, and the Swedish Government, have been a big help. All along, we have believed our skills are a good fit for Saab and Saab for us. We have learned a ton over the past 7 months and I can’t imagine someone trying to learn what we know in a matter of weeks. We are comfortable with GM deciding on their timetable.
Message to GM – you’ve got two good bidders here. Make the sale.