This is the news from Bloomberg this morning, who reached Wang Yin, board secretary of Pang Da.
“There’s no change to our previous plan,” he told Bloomberg in a phone interview. “Saab is having temporary financial difficulties and the problem isn’t fundamental.”
Gasgoo, a China based Auto Industry news site published a translation of an interview with Pang Qinghua, CEO of Pang Da, that was printed in Beijing Times. It was published yesterday, so I’m not sure if it was conducted before or after news of the salary payment freeze was available to Mr. Pang. Read it after the break.
According to GP.se which cites Swedish radio news, Youngman and Pang Da are helping to find a way to help Saab with the liquidity crisis. One of the directors of Youngman who is Pang Da CEO Pang’s daughter told them that they are working together with Saab, including Victor Muller. Clearly they want their deal still, and don’t see the problems as fundamental. Considering they’ve worked on their due diligence for quite some time, I’d trust their assessments, not repeat hit pieces from news organizations who have only recently picked up the story.
Eric Geers also told Swedish radio that Victor is working around the clock and that he thinks the property sale looks good.
Read morePang Da Says No Change in Plans *UPDATED*