Saab: Sweden's government wants to mediate between GM and the Chinese

Only days ago we reported that the entire operation to buy Saab had become complicated by GM’s refusal to authorise the sale of Saab to the two Chinese companies. Now it is the Swedish government itself that is stepping in as mediator, so that the sale can go ahead and 15,000 jobs are not lost.

Representatives of the Swedish government are meeting in Stockholm with their counterparts from Youngman and Pang Da and possibly with a representative from GM. The aim of the meeting is to try to convince the Americans that 4,000 direct jobs and another 12,000 indirect jobs in the distribution chain would be lost if GM refuses to let Saab be bought by the Chinese.

It seems incredible that the Swedish government did not intervene earlier, when it could have done so with better chances of saving Saab. It does not seem that a last-minute intervention with clear political overtones is going to frighten one of the largest car groups in the world.

Meanwhile, a retouched version of the Saab 9-3 that had been circulating online a few days ago has been published today, and its new image illustrates this post. Another way of finding new investors? It seems more likely that when GM’s bosses see this image, they will definitely not give up an inch on letting Saab (and possible models similar to this 9-3) fall into Chinese hands.

Via | Just Auto

Image | Auto Express