Joran Hagglund, Sweden’s State Secretary On Saab Tomorrow

Posted on 17. Feb, 2009 by in 2000-2009

Joran Hagglund, the state secretary, opposed to Göran Hägglund, the Swedish Center Party, who is actually fighting for Saab Automobile AB’s success has recently talked withreported to Reuters.

Joran Hagglund says that he does not expect Saab to be sold or liquidated in the GM Business plan that will be announced tomorrow.

This is good news, and is probably the only good news coming from a Swedish Government official over the past few weeks. It is my hopes that his wishes trump those of Maud Olofsson, Fredrik Reinfeldt and Göran Hägglund tomorrow when the GM business plan is delivered to the U.S. Treasury.

Joran Hagglund, state secretary of the Swedish Industry Ministry, said he did not expect GM’s restructuring plan, which it must submit by Tuesday in exchange for billions of dollars in federal loans, to include a proposal for Saab and other non-core assets to be liquidated or sold under protection of a bankruptcy court.

“Now I don’t think this is a likely scenario tomorrow. But if that is the case, it will be a process where they work out which parts they will keep and which they will not keep,
” Hagglund said in an interview with Reuters.

Hagglund dismissed a report from public service broadcaster SVT at the weekend that negotiations had broken down.

“It is of course the case that GM has a fair bit on its hands back home, which affects how much time and effort they can put into this,” he said of the talks. “But we are continuing the discussions and we will have to see how they formulate the plan that they are to present tomorrow.”

Hagglund said the plans being readied by GM ahead of the Tuesday deadline were likely to include statements on how the group would manage overseas operations such as Saab, but that this did not mean negotiations needed to be concluded by then.

The state secretary repeated that the Swedish state would not become the owner of any car company.

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