New Youngman-arrangement will save Saab
December 12, 2011 at 14:18, Updated: December 12, 2011 at 15:04
Something Bankruptcy Saab was at 14-times not at all. But it may come soon. According to several sources, negotiations with Youngman extremely tough. The core is a new subsidiary, where Youngman is to take half.
Any bankruptcy decision is not one, but negotiations continue. The essence is that Saab Automobile did not change hands without starting a jointly owned subsidiary, including technology development, where Youngman is to take the half.
The setup is done to GM should not have to approve the deal because there is no change of ownership of Saab Automobile AB.
But it's tough negotiations. In addition, among other things, the Debt Office approve the deal.
If the agreement goes into place, the idea that Youngman will pay money to Saab to continue to operate during the reorganization.
But according to sources see it very tough out. A bankruptcy filing could come as early as today. It all depends on where the parties see an end opening. Last on Wednesday, Saab must be able to show good cause for the court not to stop reconstruction.
Youngman has a lot to lose in a bankruptcy. They would lose all the money they paid in and they would lose face in China. In a bankruptcy, there is according to sources other stakeholders for elements of Saab's operations, especially with technology. But it is not likely that Saab releases to the Saab brand.
Jonas Froberg Reporter Enterprise
08-13 52 92 jonas.froberg @ svd.se
More articles by author