Swedish Government Still Prepared To Guarantee EIB Loan

Posted on 28. Nov, 2009 by in 2000-2009

The Wall Street Journal indicates that the Swedish Government is still prepared to Guarantee EIB loans.

In addition, Jöran Hägglund, Sweden’s state secretary that has been fighting for Saab’s success since January, will be heading to Detroit again early this week to talk with GM prior to their board meeting on Tuesday.

Here’s hoping all is going to be positive early week as it sounds like support systems are in place short of a secured buyer.

STOCKHOLM (Dow Jones)-

A Swedish government delegation will travel to Detroit early next week to discuss Saab Automobile AB’s future with General Motors Co., an official said. State Secretary Joran Hagglund, the Swedish government’s main liaison to the auto industry, said Friday that Sweden was still prepared to act as Saab’s guarantor to loans from the European Investment Bank if required by the EIB. Hagglund himself will be part of the delegation to Detroit next week.

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