Summary: Saab deals with Pang Da and Youngman

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 dot-point summaries and not detailed examinations of the conditions associated with each deal. They are treated this way to quickly and easily present significant changes to the deals where these have occurred. —— May 16 – Initial MoU with PangDa […]

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Pang Da visiting Sweden and Saab facility in Trollhattan

An update from the inside…… Pang Da’s visit to Sweden began today. The program commenced in Stockholm, including several meetings with key stakeholders and authorities. Pang Da representatives met the Chinese Ambassador and then, later in the day, had discussions with representatives of the Swedish Government, among them Maud Olofsson. These meetings are important because part of the deal between Pang Da and Saab is dependent on government decisions, from both the Swedish and Chinese sides. During the day, meetings in Trollhättan also got under way, with Pang Da representatives present and participating. The Sweden visit continues tomorrow in Trollhättan, […]

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Comment on events from Thursday, April 28

Vladimir Antonov Yesterday the Swedish NDO allowed Vladimir Antonov as shareholder in Spyker, which means that he can become a financier of Saab Automobile if the Swedish government, GM and the EIB also give their approval. Saab and Spyker are working on many different fronts to secure funding in the short and medium term. Negotiations with various, potential strategic partners, including the Chinese car manufacturers will continue. Spyker reports Q1 results Today Spyker presents the first quarter report for 2011. Since Saab Automobile is a major part of Spyker’s results, the major focus in the report is on Saab. Spyker […]

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Press release: SWEDISH NATIONAL DEBT OFFICE ALLOWS VLADIMIR ANTONOV AS SHAREHOLDER IN SPYKER

The following press release was issued today by Spyker Cars NV, owner of Saab Automobile. —— Zeewolde, The Netherlands, 28 April 2011 – Spyker Cars N.V. (Spyker) confirms the announcement of the Swedish National Debt Office (NDO) to allow Vladimir Antonov as a shareholder of Spyker. Victor Muller, CEO of Spyker and Chairman of Saab Automobile said: “This is a great day for our company and for me personally. We worked relentlessly for 11 months to achieve the desired result: restore the reputation of Vladimir Antonov, who made so many valuable contributions to Spyker since 2007 as financier and shareholder. […]

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Comments on events of Wednesday, April 27

Yesterday the discussions between Saab’s representatives and officials from the European Investment Bank, EIB, continued. Saab delivered a counterproposal to the conditions which the EIB have set for the proposed sale of Saab Automobile Property AB. The proposal is now to be considered by the EIB Management Board. After Tuesday’s meeting with Vladimir Antonov the head of the National Debt Office, Bo Lundgren, made a statement saying that they discussed what the ambition is, if Antonov is approved to act as a financier of Saab. According to Bo Lundgren, the NDO should be able to come to a decision within […]

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