Yesterday we were quite busy giving 74StingSaab and his son car buying advice and it looks like this was the right way to spend the day since – on the surface – not much happened. Still I’ve found some stories on the interwebs that I’d like to bring up here.
GP has over the weekend confirmed that Geely’s principal owner Mr Li visited government offices late last week.
Information for GP claims that Geely looking to buy Saab, but a spokesman with Zhejiang Geely Holding, Yang Xueliang writes in the mail something completely different to the GP:
– The reports in the Swedish media is not true. Geely is not interested to buy Saab. We met with their representative for a presentation, mostly as a courtesy to the Swedish Government and the company, when they contacted us for help.
ttela.se runs the same quote from Yang Xueliang:
Yang wrote about the issue on his blog on a Beijing-based website, but admits that the Swedish authorities, apparently Saab administrator Guy Lofalk, been in contact with the company.
They met and Geely listened, but it was mostly out of politeness, says Yang.
Without knowing all the details Geely more or less confirmed that they were approached by Swedish authorities. And the head of Geely fies around the globe to watch a presentation only to be nice.
di.se has an interview with Annie Lööf, the Swedish Minister of Enterprise, where she claims that she “will do everything that Saab will live on”. di.se tried to get an answer what that “everything” would be:
What does this mean concretely – for you to do everything that Saab will remain?
“As Minister for Enterprise and I’ve preparation responsibility for Saab issue and we are of course the question very thoroughly every day. Now the responsibility lies heavily on the Saab, and on the appointed administrator,” said Annie Lööf.
What does it mean for action over the issue is on your table?
“The question is on my desk means I have a responsibility to monitor developments very closely and I and my colleagues do. But now in this mode is the reorganization and where there are laws about this, where the administrator has a very large responsibility in future developments ‘.
Further down in the article there is another interesting point:
Volvo owners, Chinese Geely, is the government’s wishful candidate in a sale of Saab, the sources indicated to both Di and DN. However, Geely’s public relations director Yang Xueliang, according to industry body Autmotive News China denies interest in taking over the Saab.
“There is much gossip right now and I do not comment on gossip at all,” is Annie Lööf commentary on the various tasks that abound.
But do you work in government actively Saab question now?
“Because of the delicate situation that Saab is in it is very important not to comment on all the events and developments in the pipeline,” said Annie Lööf.
So while the government says it can’t take an active role they seem to have a preferred candidate to take over Saab. The funny thing is that the intention of the reorganization was to buy some time to get the investors in, not to look for someone to take over Saab. But still, I might lack some details.
This morning di.se is running a story that Saab will ask for a new administrator:
Victor Muller is dissatisfied with Guy Lofalk as administrator and says that he is the government’s case. Now the car manufacturer to turn to the district court for a new administrator to be appointed. The Dagens Industri.
Among other bases of dissatisfaction in Lofalk attempt to redeem the loan from the European Investment Bank, EIB, instead of waiting for money from kinsesiska Pang Da and Youngman. Collateral that in this case goes to the state that can sell them.
“The government has tricked out Saab wanderings, for example, with real estate transactions, as it always has been sentence to run the company ruin. Allowing Saab burn money to go bankrupt. Victor is completely destroyed,” said a source with good insight into Saab Dagens Industri.
Cecilia Tisell, judges in Vänersborg, it is possible to change the administrator, but very unusual.
When Saab filed for reorganization asked you specifically about getting Guy Lofalk as administrator. One wishes now appear to regret.
“It was Kristina Geers, who suggested him and there was a trust. Now it turns out that he lives next door to Hans Lindblad and that he runs the government’s case. It is quite unlikely.” Says the source of the Times.
Hans Lindblad, Secretary of State and the resulting reorganization of the government’s behalf.
This is di.se, so let’s be a bit cautious and I personally don’t know if the fact that Lofalk and Lindblad live next to each other is enough for a conspiracy. But if Saab really takes that step and demands Lofalk to be replaced it would mean that there is some truth in the reports we could read over the weekend. The next few days will tell.
There seems to be a lot going on behind the scenes and – like it or not – we are just passengers right now, damned to sit and watch. All of us had hoped reorganization would make the ride less bumpy. Sadly this has not happened. But I still have good faith that Saab’s management team pulls the right strings to get Saab through this. Keep calm and carry on.
I came across an interview with the Swedish Finance Minister Anders Borg on SvD.se:
We have reports that Saab has run out of money and that reconstruction may need to be stopped. Do you think it’s a good idea that the former should take over the EIB loan?
– It’s the Economy Ministry in charge of communication for the Saab and the type of questions should be directed to them or to the administrator. I have no information about how they do things right now.
What is your contingency if Saab would go bankrupt?
The article continues …
– We have secured and planned so that resources are available to protect people for jobs would become unsafe. But we’ll see what the process leading up to.
The Russian banker Vladimir Antonov now appears to have given up hope of owning Saab. Antonov Swedish spokesman, Lars Carlstrom, has previously accused the government, although Anders Borg, to run a campaign against the Antonov and Saab. Question of ownership is stuck with the EIB, but the Swedish government has not told her – despite the fact that the former accepted him. It has previously flourished crime rumors about the Antonov, which sought to exonerate itself by its own investigation.
Have you personally any information about whether Vladimir Antonov engaged in anything criminal, such as money laundering?
– I have no reason to have some idea of the Antonov. That may be other people judge.
So he has no idea what is going on at Saab and no opinion on Antonov… 😉