Royal Security

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Friday, 20 April 2012

Bits and pieces before the storm

Posted on 00:35 by Unknown
This post will be more like a notepad or timestamp for future reference than a news article. It's mainly quiet, although it's clear that behind the curtain of Saab administrators heavy activity is going on.

The deadline for bids for Saab is over. The bids are there and of course not a single name was unveiled  on the regular press-conference. Through the media are only two names flying : Mahindra & Mahindra and Lotus - Youngman. However all of the bidders (5-7 ?) reportedly submitted the bids and all of them are interested in the "whole Saab package", incl. the successful Saab Parts.

This is what the administrators are solving now.

 Some numbers appeared in the media in the last days. The Youngman bid should be 3.2 billion SEK (362 M€). Seeing the number in context of Saabs debt 12 - 13 billion SEK (1.5 B€, source), the bid is much lower. But also part of the debt should be in convertible shares and also not everything will be payed out. Youngman also stated to invest 10 billion SEK (1.2B€) for the production restart as well as anothe 10 billion for the next gen (?) Saab (source). But since in the past Youngman reportedly sent funding always late and less than promised, please take this with reserve.

Saab Parts AB also started to produce body parts. After negotiations with the administrators they rented the the press- and body factory in Trollhattan with required machines. Also they've bought a large amount of already produced body parts. Swedish original of the press release is here [pdf], the english translation here.

The former bankruptcy administrator Guy Lofalk as well as Victor Muller were in the court to bring more light in their operations prior to Saab bankruptcy. Since they don't like each other at all, this was a tough fight.

There are positive indications for usage of the Saab brand for the future, coming from the administrators. Besides of the importance of the fact that possible future cars from Trollhattan could be sold under the Saab brand, it is also a very important indication, that there is a serious interest from the bidders to continue the Saab production in some way. Otherwise they wouldn't loose time on this complicated topic.



54 BMW engines are missing. In the time of agreement between Saab and BMW about using their engines in the future generations of Saab, BMW has sent 54 engines to Sweden. Now they seem to be missing and the german automaker is afraid of dissapearing them to someone who could reverse engineer / copy them. Hm.

That's it. It's still nothing against the time when we know who will be the future owner of Saab and what are the intentions with the brand. This will be the most critical moment in many months and years.

Credits : Saabsunited | Saabblog.net | facebook
Email ThisBlogThis!Share to XShare to Facebook
Posted in saab drama | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • A 9-5 pickup
    Assuming that this is not a photoshop exercise ... src : Save Saab Museum Facebook Page edit : some other pictures of this car appeared, so ...
  • Cabrio ride hints: Transylvania
    The rented 9-5 in front of the huge Palace of Parliament. Many trips in Romania usualy start in the capital Bucharest. Mine as well. After a...
  • Headlight bulbs change
    I'm quiet in the saabism blog in the last weeks, unfortunately I have to solve important things for living, so not too much time and mot...
  • The Saab model collection
    A photo of the beautiful Saab mode collection came from Saab Suchomel in the Czech Republic. That's a true enthusiast sign. So besides ...
  • A street catch
    Sometimes there are things parking on the street where you simply have to stop, even risking a parking ticket. A Porsche 356 Speedster Conve...
  • More questions than answers at the moment
    Frozen cabrio, frozen Saab. Forever ? There was another regular Tuesdays press-conference held by the administrators. The number of interest...
  • The SAAB Suchomel meeting
    Every serious car brand fan, disregard the brand itself, knows, that their cars are a great point for making new friendships and connections...
  • SAAB Support Convoy 3rd Anniversary
    The slovak and czech (moravian) fans organised a convention for the 3rd Anniversary of SAAB Support Convoy. The place was Lednice, a beautif...
  • A wonderful SAAB story discovered
    Gene Deitch is an american animator, illustrator and film director. You can see his work in Tom & Jerry or Popeye. He's also receiv...
  • Reality check : in a search for a good 9-5
    Life circumstanes are steering me towards another Saab to the family. An everyday Saab, useful and enjoyable at the same time. A good servic...

Categories

  • 9-3
  • 9-5
  • 900
  • 9000
  • 92
  • 93
  • 95
  • 96
  • 99
  • biopower
  • books
  • branding
  • cabrio ride hints
  • car apps
  • color
  • convertible
  • E85
  • electric
  • event
  • Griffin
  • Hirsch
  • Maptun
  • mobile
  • modified
  • movies
  • museum
  • music for cabriolets
  • NEVS
  • other
  • pictures and videos
  • poster
  • practical
  • roof
  • saab 9-3
  • saab 9-3 convertible
  • saab 9-4X
  • saab 9-5
  • Saab 900
  • saab 9000
  • saab 95
  • saab 96
  • Saab 99
  • saab drama
  • saab fans
  • saab sonett
  • safety
  • service
  • taket
  • toppola
  • tuning
  • tyres
  • Viggen
  • wheels
  • wind deflector

Blog Archive

  • ►  2014 (1)
    • ►  January (1)
  • ►  2013 (157)
    • ►  December (8)
    • ►  November (6)
    • ►  October (12)
    • ►  September (11)
    • ►  August (11)
    • ►  July (7)
    • ►  June (22)
    • ►  May (10)
    • ►  April (9)
    • ►  March (21)
    • ►  February (15)
    • ►  January (25)
  • ▼  2012 (251)
    • ►  December (17)
    • ►  November (11)
    • ►  October (16)
    • ►  September (19)
    • ►  August (32)
    • ►  July (18)
    • ►  June (12)
    • ►  May (20)
    • ▼  April (25)
      • Cabrio ride hint : rediscovered roads in Slovakia
      • Saving the last 9-3 for the Saab Museum
      • ... a ride
      • Style
      • Saab 900 Classic Pickup
      • Saab 900 NG Pickup. Unique and awesome.
      • Saabism is partner of IntSaab 2012
      • Classic Saab 900 Turbo in Wheeler Dealers
      • Bits and pieces before the storm
      • Saab article in the latest Speed magazine
      • Wheels
      • Trademarks
      • Trucks
      • Heavy products arrived
      • 90003
      • Happy Easter
      • 40.000 km of experience with the E85 fuel
      • Don't let Saab die
      • Unusual Saab for sale
      • Largest Saab meeting around is coming
      • Double red retro Saab
      • Sharp criticism on Sweden regarding Saab
      • Deadline for final bids for Saab extended to 10.4.
      • Zítra vstanu a opařím se čajem : Saab 96
      • Getaway in Saab
    • ►  March (15)
    • ►  February (35)
    • ►  January (31)
  • ►  2011 (91)
    • ►  December (11)
    • ►  November (2)
    • ►  October (15)
    • ►  September (13)
    • ►  August (9)
    • ►  July (7)
    • ►  June (17)
    • ►  May (17)
Powered by Blogger.

About Me

Unknown
View my complete profile