Saab Automobile CEO, Jan-Åke Jonsson, Negotiating $637/€500 Million Loan With Swedish Government

Posted on 27. Feb, 2009 by in 2000-2009

jaj1.jpgSaab Automobile AB CEO, Jan-Åke Jonsson is currently in negotiations for a $637/€500 Million EIB Loan from the Swedish Government at this time according to Reuters. This would mean, that the other half would have to come from the new owner, resulting in less than $400 million for a total of $1 Billion USD.

Jan-Ã…ke Jonsson states that there are a “handful of parties” interested in acquiring Saab that include auto manufacturers as well as investors that are from Sweden as well as outside of the country.

As we know, the loan requirements stipulate that all of the production takes place in Sweden, which make me wonder about the Saab 9-4x which is supposed to be built in Ramos Arizpe, Mexico. Will that be relocated to Sweden too?

The second stipulation for the loan that Jan-Ake indicated, was that none of the funds that the Swedish Government provides, once a new owner arrives, will be able to be funneled back to Detroit to the former parent company, GM.

I now see why more more negotiating must be taking place at this time, because prospective buyers have contacted the Swedish Government already expressing interest in buying Saab AUtomobile. I guess that since the Swedish Government is seeing possible buyers, the financial negotiations will continue.

This news continues to sound positive, so I look forward to more developments on Saab Automobile’s reconstruction process and ultimately how they will emerge from it as a truly independent company with an owner/investor ready so that they are ready to take flight towards the future!

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