'The deal was crucial for Saab': expert
Published: 28 Oct 2011 14:59 GMT+02:00
Updated: 28 Oct 2011 14:59 GMT+02:00
- Chinese firms in deal to buy Saab Automobile (28 Oct 11)
The Local: Will this save Saab?
Mikael Wickelgren: It's way too early to say that yet. This deal alone can't save the company anyway, it just means that the restructuring will not be cancelled.
TL: Is Saab a profitable deal for the Chinese?
MW: At the moment Saab can't be seen as a profitable deal for anyone. It will take measures; basically money to be pumped in to the company to pay off debts and make investments in the company. It will cost a lot of money to start with.
TL: Did the Chinese make a good deal over Saab?
MW: Well, the deal is hardly established yet. All we have seen so far is a so called memorandum of understanding, which basically means that they will now sit down and work out the actual deal.
TL: Is Saab going to be able to continue being a ”Swedish” car?
MW: What is a Swedish car? Is Volvo a Swedish car despite being 100 percent owned by Chinese companies? Is Jaguar a British car despite its Indian owners? I think it depends on what we perceive it to be, more than anything.
TL: Will cars continue being built in Trollhättan?
MW: There are no indications that the production will be moved in the short term, that is, within the next 5-6 years. Trollhättan is and will continue to be the epicentre of Saab production.
TL: What does this mean for Saab's future?
MW: It was completely crucial for Saab. If this hadn't happened, they would not have been working on the particulars of the Saab future but the Saab bankruptcy right now.