That’s the news in from pretty much everywhere at this point, Swedish Radio, TTela, and directly from Victor. Sorry if this is short as I’m writing this post from a phone.
Here’s what we know:
- NSC was contacted to see if they would still be part of a share agreement that GM is comfortable with, all indications are that they’re done.
- Multiple sources tell us that Youngman is trying to set up a deal where they take convertible preference shares and are allowed to inject liquidity into Saab for a period of time until Saab can be GM-IP free. It might look something like the current GM shares.
What happens next is anyone’s guess. This deal went from being manageable to insane, and we’re now in very murky waters. I’m not optimistic, but until Victor gives up trying, Saab lives another day. Hope for the best, prepare for the worst.