There are plenty of media outlets willing to write Saab off at the moment. I’ve contended several times on this website that the long-term future for Saab is very bright and it’s just a short-term cash crisis we have to concern ourselves with right now. Any time you’ve got great people, a great plant, a great brand and most importantly, […]
There was an interesting quote in one of the Swedish newspapers today. This is just a Google translation so you’ll have to forgive me if part of the context is lost, but I believe it should come through OK. Wickelgren says that [Saab employees’] loyalty is in a class by itself. – They have some kind of fist in the
Zeewolde, The Netherlands, 3 August 2011 – Swedish Automobile N.V. (Swan) announces today that it issued a subscription notice for 5 million shares under the current EUR 150 million equity facility between Swan and GEM Global Yield Fund Limited. The exact number of shares to be issued and the price thereof will depend on a 10 day pricing period, which
Press Release: SWEDISH AUTOMOBILE ISSUES SUBSCRIPTION NOTICE UNDER GEM FACILITY Read Post »
I do not know if this is real. I suspect that it isn’t. But it’s nice. —— Sometimes ‘the social space’ can be tough to deal with. Consumers have a voice through social media and much of the time, they use it to voice complaints or opinions that companies need to address, either to solve an issue or to correct
Greetings from England, where I’ve been fortunate enough to attend the Saab Owners Club of Great Britain annual meet. I’ll have a bunch of photos from the event in the next few days. Today, I’d like to point you towards an article that appeared in the Swedish press over the weekend. I’d like to point out something I wrote last
Zeewolde, The Netherlands, 26 July 2011 – Swedish Automobile N.V. (Swan) announces that Saab Automobile AB (Saab Automobile) has delayed payment of the wages to its white-collar employees as some of the funds that were committed by investors were not paid in time to effect such salary payments. Saab Automobile is taking all necessary actions to collect these funds and
UPDATE: An additional release from Swedish Automobile NV: Zeewolde, The Netherlands, 22 July 2011 – Swedish Automobile N.V. confirms that Saab Automobile Tools AB reached agreement on payment terms with the supplier that filed for bankruptcy, thereby resolving the issue. The original release is below….. —— Zeewolde, The Netherlands, 22 July 2011 – Swedish Automobile N.V. confirms that one of
From Swedish Automobile NV —— Zeewolde, The Netherlands, 21 July 2011 – Swedish Automobile N.V. (Swan) announces that Saab Automobile AB (Saab Automobile) continues discussions with its supplier base on material supply and delivery terms in order to be able to resume production at its Trollhättan plant. Swan and Saab Automobile continue their discussions with parties to obtain further short-term
Press Release: SAAB AUTOMOBILE UPDATE ON PRODUCTION Read Post »
Strap in, folks. This is a long one….. And for those of you who are unfamilar, here’s a summary of the deals done by Saab, Pang Da and Youngman in the last few months. It’ll add to your understanding of this post. —— Saab fans will know that it’s been a difficult few months for our favourite little car company.
Swedish Automobile N.V. (SWAN) announces that Saab Automobile AB (Saab Automobile) obtained final approval from the EIB, the NDO and the Swedish government for the sale and lease back of the Saab property. The consortium of Swedish real estate investors led by Hemfosa Fastigheter, and including among others, Brinova Fastigheter AB, PEAB and Weland Fastigheter will purchase 50.1% of the
Saab have made several announcements in regard to deals made with Chinese companies Pang Da and Youngman since mid-May. These deals have changed slightly in nature as each new announcement has been made and I thought it might be useful for those interested in Saab business to track the dynamic nature of the deals. Please note that these are just
