LIVE Reports on Swedish Radio P4 West

October 28, 2011 by Trued

http://sverigesradio.se/sida/lokal.aspx?programid=3654
Interviews and talks on this mornings great news.
It is in swedish of course.

Member

WooDz

I am right in thinking there has been some backlash to the idea of a 100% Chinese take-over?

So what is the great news.
That Saab sees another day?
That the workers will get paid?
That Muller is finally gone?
That China now/or will own Sweden’s car companies?

Personally I find it a bit of a sad day because it means Victor Muller didn’t reach his goal. I wish every bit of luck to the new Investors, they have a bigger hill to clime than when GM sold SAAB to Spyker.

Member

TurboLover

“they have a bigger hill to clime than when GM sold SAAB to Spyker”, true, but also much deeper pockets

Member

phermansson

Müller says himself that he is happy and that he reached his goal that Saab will live on. Most of the people on the radio, suppliers, unions etc are happy. So I celebrate instead of mourn.

Member

fascivol

Believe me, Victor achieved the best he could currently get against the threath of bankruptcy, from which he would have lost almost everything.

From a SAAB perspective, let’s just look at Volvo and hope these Chinese firms will behave like Geely does.

Don’t forget Saab was close to die, therefore smile to a new life!

Member

MariusGTV

While I am delighted that Saab ‘appear’ to have been saved, I will hold back from out and out celebration until the deal is fully done. This is only an MoU, nothing more and as we have all seen over the last year or so, an MoU guarantees nothing. I don’t feel that we can truly say Saab lives on until production starts again in THN. Until then all we can say is Saab is not dead. The longer that takes, the less likely the Saab we know and love will survive the way we would want it to. For… Read more »

Member

Pedro

What exactly is your fear of stripping “what they want”: Phoenix once it is fully developed?

Member

Troels, Denmark

Can anybody send a link to a Swedish TV-channel, reporting from the soon beginning press-conference ????

Member

Coggy

So far means that the Chinese have agreed to buy Saab and Saab GB. I live just 1 mile from what was Britain’s largest car plant, MG Rover. In 2004 Shanghai Automotive Industry Corp. of china signed a deal with MG Rover to have a 70% stake in MG Rover, to be ratiefied by the chinese Government (the NDRC). Sound familiar ? The Chinese company bought the rights to the 2 MG Rover models currently in production, but not the name Rover or MG. In 2005 MG Rover suspended production because of a shortage of supplies, then the company was… Read more »

Member

Jonas Axelsson

Perhaps it was you, but someone posted a photo log of the remains of the MG plant. I saddened me to see those cars ready to almost roll out the door just left abandoned. You would hope someone would but the place and contents at tax sale just to get those cars and parts back in circulation?

Member

fido

That’s why i hate government own big company like SAIC, Nanjing Auto. Do you know why MG’s story would be so bad? Because Nanjing Auto is b***it. at the beginning, SAIC want take over MG, but Nanjing Auto buy the factory and brand name before SAIC. and in fact Nanjing Auto just want to use them to blackmail SAIC. Nanjing Auto don’t have resource to retain factory. SAIC did not yield, than use MG’s tech build their own brand, ROEWE. but without MG brand, their own brand will not sell well outside china, so they just sell ROEWE in china.… Read more »

Member

Niklas G

Oooh, I like this line:

Victor Muller: Kineserna har bett mig att i framtiden arbeta väldigt nära Saab för att hjälpa till med utveckling av företaget.

or in English:

Victor Muller: The Chinese have asked me to work very close to Saab in the future, helping to develop the company.

Member

jouni72

this is good news!

Member

MrTinkertrain

Considering the Chinese aren’t lying.

Member

TurboLover

I’m no fan of Bob Lutz, but that kind of position is what Victor would seem to fit perfekt for. True Saab hero!

Member

Thorfinn

Anyone else been listening to Victor Muller’s press conference (relayed live by Sveriges Radio)? A couple of things I noticed: 1) Victor M. sounds like a really together guy – came across very well. 2) He REALLY, REALLY doesn’t like the Swedish Television people! 3) His comments about the corporate qualities of Pang Da (small, entrpreunurial, dynamic) and Youngman (huge, ferociously well-organised, massively wealthy) were encouraging 4) He clearly wants to remain involved in SAAB…one can’t help but think that the Chinese would be crazy to ease him out 5) Sadly, my connection was interrupted as he was about to… Read more »

Member

Tim

The following was reported by Dow Jones (used Google to translate). I guess this is what VM said during the press conference… Saab CEO: No JV with Pangda, Youngman Saab CEO: Youngman receives 60% interest, 40% Pangda Saab CEO: Short talk with General Motors Saab CEO: production remains in Trollhattan, Sweden Saab CEO: Pangda and Youngman will invest more than EUR245 million Saab CEO: still not ruled out layoffs Saab CEO: wages are paid within days Saab CEO: Acquisition strengthens position in China Saab CEO: 200,000 to 300,000 in 2016 to sell cars in China Saab CEO: by Pang Da… Read more »

Member

Pedro

Saab CEO: 200,000 to 300,000 in 2016 to sell cars in China

Sorry, didn’t quite understand that one: is that units or is that investment?

Member

Tim

It seems I forgot to check a few lines. In this case VM expects to sell 200-300.000 cars in China by 2016.

Member

Pedro

That is quite a lot, starting from s position of nearly zero… Especially if the Chinese Government fails to soft land the economy… Let’s hope for the best!

Member

Audun

Todays news about SAAB got a good cover in NRK P1 Radio in Norway some minutes ago. 🙂

Member

No 9

@Tim: JV?

Member

Thorfinn

Joint Venture, I would imagine.