A Possible Route For Antonov’s Entry – Through GM

Update: According to svd.se, Vladimir Antonov will give a press briefing about the situation tomorrow morning, June 30.

I put this as an update to Rune’s post earlier, but it got so big I figured I’d just give it a new post.

According to Dagens Industri, Antonov will take ownership of GM convertible (lost in translation: redeemable preference?) shares. The value of this is reported to be 2.3 billion SEK (about €248 million), but GM is offering Antonov a substantial discount– between 800 and 900 million SEK (€86-97 million).

Read moreA Possible Route For Antonov’s Entry – Through GM

Rumourmill: Saab looking to BMW for engines, transmissions

A few days ago, Jan-Erik Berggren from Gothenburg had a quote from Saab’s Powertrain guru, Kjell AC Bergstrom, pointing to some possibility of Saab partnering with companies ‘to the south’ in various ways.

A Dutch newspaper has indicated today that that company could be BMW. Googletrans:

Saab goes into the sea with BMW

They themselves still keep their lips tightly [closed]. But it now seems certain that Saab, approximately three months after the restart, has taken serious steps to get away from ……GM technology.

CEO Victor Muller will apparently soon change. A number of signs – such as visits by management to Munich – notes that the Dutch-Swedish car builder [plans to] partner with BMW. It is obvious that the focus after the first step in component could focus on engines, transmissions and Environment (technologies?) of the German premium brand. The idea of cooperation in the field of [a planned] small Saab imposes itself.

Bear in mind that this is some speculation on their part, but it’s what you might call well reasoned speculation.

Saab do want to move to other partners for engines and architectures and BMW would be a good one to move with. I believe that one of the Swedish motoring publications shone some light on similar rumours a few months ago, so it’s fair to say that evidence is gathering.

It’d be a great move for Saab, especially with a smaller Saab planned but not yet paid for. To partner with a company known for its engines almost as much as for it’s chassis would be quite a coup. It helps BMW move a little more volume in their powertrain and it allows Saab to cut development costs.

But until it’s official, it’s all speculation. The rumours are mounting but they’re still just rumours until there’s an announcement of some sort.

Thanks to Tim W for the link.

GM Powertrain Sweden: moving in with Saab after the fat lady sings?

GM Powertrain Sweden are independant from Saab, and as such, they’re not subject to the current reconstruction process that Saab are undertaking.
That doesn’t mean they’re not thinking about the future, however.
TTELA have an article where they talk to the head of GM Powertrain Sweden, the very excellent and wise Kjell AC Bergstrom.
Tompa’s been kind enough to hook me up with a Googly translation:
——
Two routes for Powertrain
CEO Kjell ac Bergström in favor of separation from GM
The crisis in GM has had minor effects on GM Powertrain Sweden. The company, which has 380 employees in Trollhättan, are faced with two possible options when Saab is broken off from GM.
– Should we still stand on its own feet, or fully integrated in the Saab? We know this when the end of the year, “says Kjell ac Bergström, CEO GM Powertrain Sweden.
For one thing is clear. Kjell ac Bergström deleted cold from Saab, a continued life with a new owner.
– It makes me not to lie SLEEPLESS night, so to speak. We look very positively on this.
Do you prefer the new owner is a car manufacturer or a financier?
– The advantage of an automotive group is that you get access to their technology, but with a financier, we on the other hand, more freedom to talk with several players on the cooperation agreement.
Resulting reconstruction
GM Powertrain Sweden is legally a separate company and are therefore not included in the Saab’s reorganization. But you still participate in the discussions because the company in one way or another will be part of the future of Saab.
– Saab takes is us. And we also contribute material to the presentations to the new owners.
GM Powertrain Sweden has managed the crisis without notice. However, the prospective recruitment of 100 engineers to Trollhättan put on hold.
Need, TTELA talked about last year, due both to a new type of manual gearboxes will be presented.
– We have instead made use of consultants, “says Bergstrom.
Manual gearbox is one of the company’s responsibilities. Hybrids and turbo charging are two other areas where the Swedish part of GM Powertrain have special skills.
Similarly sit Powertrain other companies within the GM with other special skills.
– In the short term, we will not do without their skills. Therefore, a number of transition service will be created (with GM).
Transitional period of five years
Kjell ac Bergström know what aborted collaboration means. It is not long ago, GM and Fiat went separate ways in Powertrain.
– I’ve been through a few divorces and know that the transition period usually be around five years.
Simultaneously, the requirements are changing the image Powertrain in Trollhättan.
– We need to get a broader skills and it is not done overnight. But we will not be able to afford to invest in a new engine or växellådsfabrik (Södertälje factory is sold to Scania, the photographer for Weigl), but will buy in different skill levels.
Kjell ac Bergström is in favor of change. So positive that he is willing to postpone retirement, which actually takes place next year.
– I think it’s so fun to work now if this goes in the lock, I am open for a continuation” says Bergstrom with a smile.

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