Good news finally, not only will the October wages be paid, but that an agreement for technology sharing with Youngman has been reached. According to TTELA, the money will hold Saab over until November when the rest is due. Read the translation after the break.
Chinese Youngman is on Wednesday has paid about 100 million to Saab Automobile. That said newspaper Dagens Industri, DI, late that evening. Thus, wages for October is paid to the employees. Related Payment shall be made on Wednesday and is a small part of the 640 million Chinese people who would put up with the bridge financing in anticipation of the total investment of 2.2 billion together with Pang Da. The safety of money is a license to Saab’s new base of the 9-3 model [Phoenix platform I think]. Youngman may now take advantage of a defined part of the technology, writes DI. The 100 million is welcome when the government wage guarantee expires on October 21. The money will be enough until the Chinese authorities are ready to trial in November.
Also according to TT via DI:
DI also say that there is now a new plan to save Saab, according to TT, and that Victor Muller – Saab CEO – during the meetings that took place in Stockholm made it clear to the Chinese that Saab does not need 640 million, but well 100 million to pay salaries. “We met with Pang Da and Youngman as late as on Tuesday and everything is proceeding according to plan. The cooperation continues and there is no problem with it. Gunilla Gustavs noted.