UPDATE: We now know the lens for which to view this story. It’s clear they’re trying to set Saab up on a route independent from current management. Read Tim’s newer post about this.
File this under the “I’ll believe it when I see it” category, but according to DI.se, the Swedish Government is working to solve Saab’s debt situation with the EIB. That’s according to their source, Prime Minister Fredrik Reinfeldt’s former State Secretary Ulrika Schenström, now a consultant who’s working closely Saab administrator Guy Lofalk.
According to information provided to the newspaper is the government’s plan to solve the Saab’s debt to the European Investment Bank, EIB. The aim is to convert the Debt Office’s assets in the Saab to shares which are then quickly sold to a Chinese buyer.
Saab administrator Guy Lofalk has recently been traveling in China and met with several Chinese companies, including Saab partner Youngman but also Geely, which owns Volvo Cars, has previously expressed interest in parts of Saab.
While there has been a knot in the thread between Youngman and Saab. The Chinese company has not paid the promised 640 million for technology licenses and said that Saab has not yet fulfilled all the terms of the agreement between the parties.
“If the conditions are not met, we can not pay,” writes Rachel Pang, president of Youngman Automobile Di.
The money from Youngman necessary for Saab to cope with reconstruction.
Whether or not this pans out, it’s reassuring to know there are parallel plans in effect to help Saab emerge from this crisis.
Thanks to Magnus for the tip.