No Decision from NDRC Today

by

I was a little confused this past week when I was hearing the date of October 14th being the date for a decision to be announced by the NDRC as I didn’t know where that date had come from. Well, the day has come and gone for some and no decision. A bit of internal news from Saab was posted on Inside Saab by Swade about that date and what this does or doesn’t mean.

“Many have highlighted October 14 as a possible date when the NDRC would take its decision regarding Saab’s planned business agreements with Pang Da and Youngman. For third parties it is not possible to know exactly when authorities like the NDRC will take their decisions.

The reason for October 14 spreading the way it has, is an early assumption made by Saab in court documents, based on general process information that Pang Da and Youngman received from the NDRC. The fact that we didn’t receive any decision from the NDRC today has no bearing on the decision process in its entirety and is not something from which we should draw any conclusions.

Pang Da and Youngman are very committed to making our partnership a success as proven by yesterday’s announcement regarding the first payments under our bridge financing agreement with Youngman.”

My take on all of this is simply that, no news is really just no news. People have speculated and called it “reporting” about what is happening for too long and sometimes those speculations/reports have resulted in some serious negative ways with stock and sales. I would strongly suggest to anyone following the Saab story to hang tight, keep calm and wait for the real news. Saab has some very interested partners that are taking some serious gambles themselves to ensure that Saab has a bright future.

19 thoughts on “No Decision from NDRC Today”

    • Thanks, we are lucky to have people all over the world writing here. I think it’s important to stress as many of the other writers have that when there is nothing to really report about, that we don’t draw conclusions or assumptions about what is or isn’t going on.

  3. As I’ve asked in other places, have Youngman actually submitted the application to NDRC for consideration? The recently-reported news from China implied that it hadn’t happened as late as last week.

    • This was posted in the Wall Street Journal on the 12th of October from Wang Yin from Pang Da, not sure if that answers your question well enough but it was all I could find quoting anyone specific.

      “The application has been submitted to relevant government departments and so far everything is going well,” said Wang Yin, secretary of Pang Da’s board of directors, adding the company doesn’t have a timetable for when it might receive approval.

      As well as this quote too that I found interesting because of what some people have assumed:

      “We haven’t and don’t have plan to revise the deal.”

      • OK…, but this from saablog-in suggested otherwise. This was posted on Wednesday, and quotes a Reuters report on the topic.

        Asked on Wednesday whether the deal had been submitted to China’s National Development and Reform Commission for approval, Pang said it had not.
        “Youngman’s Pang Qingnian is the one that is supposed to send the application to the NDRC,” Pang said. “As far as I know, he is soliciting opinions among industry experts regarding the deal. They are not done with it yet.”

        http://saablog-in.blogspot.com/2011/10/ndrc-has-still-not-received-deal-for.html

        http://www.reuters.com/article/2011/10/12/china-auto-saab-idUSL3E7LC16120111012

        • I don’t think anybody but Youngman and NDRC knows.

          I think the original plan was for a Nov 24 deadline. But NDRC don’t operate with deadlines so iall dates are assumptions

          Given that there has been attempts to change the deal by Lofalk to another party, and that there has been some uncertainty regarding the IP deal, I think that I would go to some experts too before applying if I wanted to secure the deal with NDRC

          But it is all speculation at this point.
          Youngman has paid for something, not really clear what and what the details of that deal is.
          Depending on those details I would imagine that they are very interested on getting a ROI and wants to assure a yes or cover their options

          So the rest of us waits along with Saab. Including waiting for approval from EIB, NDO and GM
          I don’t think this is over until end-november/early-december.

          We will get some part info at the creditors meet

  5. “… as I didn’t know where that date had come from.”

    That time-frame (Oct/Nov) was discussed earlier, even if it seemed to be a bit optimistic; and then at the time of the appeal, it became known as the date when the Chinese companies expected to have a decision from the NDRC, given the information they had. As mentioned at IS, it was part of the documents sent to the court. The approval process was outlined in an appendix to the application. As has been mentioned earlier, and some may know, the provincial DRC came with a decision two days ahead of the “schedule” outlined by Y/PD. That was of course nice.

    That time plan and some other parts of the appendix were posted here:
    http://saabsunited.saabklubben.se/2011/09/letters-of-support-from-pang-da-and-youngman.html

    The complete document can be found at the district court’s site.

    I don’t know about this one, though; let’s hope for a yes and that it comes before the creditors meeting October 31. This date, or even the next week isn’t the most important, in my opinion.

    • Tripod
      I agree with you there really needs to be and NDRC decision soon, certainly prior to the creditors meeting at the end of this month. I hate to mention this but I wonder of there is a workable plan should there be no approval.

  7. OK, so this just means we can all enjoy the nice fall weather this weekend and take a ride in our Saabs as we keep calm and carry on.

    Just had new front strut inserts and ball joints replaced on my 2000 9-3 this week, so the ol’ girl handles much better after 182,000 miles. Fun drives ahead.

    • Is this a real question? How would you expect a real answer to this question if you read the post? Please be real here, we are waiting for an answer from China to know the answers to these questions and to ask them when you know the answer is frustrating especially for us that depend on Saab for a living. I feel that things will come together and then we will know when production starts again. Thanks

    • Sadly that is only one part of the problem, luckily this cash infusion should also help pay for much needed product development. I’m not only talking about future models but just to get the 9-3/900 concept out to auto shows and raise some awareness because this car will make or break the brand. It is my understanding this was supposed to happen at Frankfurt already this year but they ran out of money so maybe the NY Auto Show would be more realistic? I for one am looking forward to seeing and hearing much more from Jason Castroti as he has been very quiet lately. Hopefully working on new projects but I fear a lot of time has been lost from this mess. I’m optimistic because the Chinese seem very serious about future products so this could work. As much as Saab is to blame for poor money managemet it’s just another casualty of the poor economy and money supply being so tight. Hopefully they are on the path to better times…

Comments are closed.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close