• Sweden edition
 
SAAB BANKRUPT
Turkish ambassador: Saab CEO called us

Turkish ambassador: Saab CEO called us

Published: 20 Dec 2011 16:16 GMT+01:00
Updated: 20 Dec 2011 16:16 GMT+01:00

Shortly after the Vänersborg District Court approved Saab's bankruptcy petition on Monday afternoon, Sveriges Television (SVT) reported that Turkey had been in contact with the Swedish government and Saab management to express its interest in purchasing the beleaguered Swedish automaker.

While Turkey's ambassador in Stockholm, Zergün Korutürk confirmed that she and other embassy officials met with Muller on December 14th, she explained that the meeting came at the request of the Saab CEO.

“The CEO of Saab came to see me at his own request at the embassy residence,” Korutürk told The Local.

She explained that during the meeting, Muller, referenced contacts he had in Turkey which had signaled to him that the country was interested in launching production of a Turkish automobile brand.

“He thought Saab would be a good choice” to help kick-start Turkey's domestic car production plans, Korutürk said of Muller's proposal.

“I told him I would inform the authorities in my country of all that he had told me.”

Korutürk explained that Turkish prime minister Recep Tayyip Erdoğan has made no secret of his hope for Turkey to have a purely domestic auto brand.

She emphasized, however, that there are no negotiations underway between Turkey and Saab regarding a possible purchase.

“There's nothing more I can say because nothing else happened,” said Korutürk.

Meanwhile, Chinese automaker Youngman, whose decision to pull out of a deal to purchase Saab precipitated the Swedish carmaker's bankruptcy, is reportedly still interested in purchasing the Saab's assets.

According to Sveriges Radio (SR), a delegation from Youngman is set to travel to Saab headquarters in Trollhättan in western Sweden as early as Wednesday.

Bankruptcy administrator Hans Berqgvist confirmed that he had been in touch with Youngman and hopes to meet with representatives from the Chinese company before Christmas.

Youngman is interested in keeping Saab's Trollhättan plant open, but with production on a smaller scale than previously, the company's Swedish spokesperson, Johan Nylen with the Baker McKenzie law firm, told Swedish business daily Dagens Industri (DI).

However, any further production wouldn't likely start for at least two years, as it would take that long to develop a new model.

TT/David Landes (news@thelocal.se)

Your comments about this article

17:03 December 20, 2011 by byke
At what point does a CEO's actions go over the line and into fraud? when it misleads its investors and public regarding its sustainability and possible investors?

We often hear about the poor old SAAB employees etc, but what about those who are owed money by SAAB (Do these workers who have supplied SAAB and been given false promises and continued delays deserve this type of behavior?)

If I was an investor or one of the many businesses, I would want to see a criminal investigation both against the CEO and the state for allowing this type of unethical (fraudulent) behavior to continue.
20:09 December 20, 2011 by Norrlands Turk
Two things.

1- "Büyükelçi" means 'ambassador" in Turkish. Its not her last name. Again, you're not doing your homework properly TL!

2- Making SAAB a Turkish brand would be awesome. Number of international brands have been bought by Turkish conglomerates over the past decade and SAAB would be a great addition.
05:42 December 21, 2011 by supertime
This great, I think Turkey would be beter choice than China, they just take the assets and dublicate the car and sell it under a Chinese brand, Turkey is growing second the China ,young population is way over Europes, and spare parts are already are made in Turkey, Auto factories in BURSA are World class ,they already make 58% of the Europes cars there and they are very friendly nation to Sweden, they treated us like a Gold. they love the Swedish people and respect us, when we visited Antalya, all we have to say we are from Sweden, we got a big smile and much attention, Turks are great hospitable people, and did l mention food was great?

Turks should buy it, this my opinion,
09:03 December 21, 2011 by ettan
It's a GM strategy to buy the great brands and sink them under their wings thus they won't have to deal with quality brands. I'd be more than happy to see Saab being under Turkish government's wings. Turks are very experienced in automotive sector and they really want to develop it further. I'm just begging swedish government reconsider the china option. I have two saabs and no way that I'm going to use chinese spare parts!
12:00 December 21, 2011 by chocolatechips
We like Sweden and Swede's, we have car factories and the government wants its own car brand but thats all.It would be great to have a Turkish brand like SAAB. The truth is, the cars we're building here are lower segment cars. Nothing like SAAB. Mostly commercial cars, Renault Fluence, Fiat Linea, Hyundai Accent, Honda Civic Sedan and maybe Toyota Corolla Sedan. I don't think that's 58% of European cars. Opel was built here earlier but left afterwards. The government wants a low budget car which is their own brand. The growth is high because of the domestic market and many new house constructions. We have a big current account deficit which is a serious problem. I hope we get over this situation. Also Turkish businessman want big profits with little effort. That's why the quality drops if some quality product is manufactured in Turkey. We make some great products but the cost is so high if you want to build a quality product so it comes with a price. What can Turkish companies do that Youngman or other Chinese couldn't success? Nobody can use the GM lisences so you have to pay a huge amount of money or build something from scratch. That means time and more money. SAAB has a great amount of debt, we have to clear that out, too. In addition Volvo has become Chinese but the quality is the same. That's because the Chinese don't interfere the production, they just give the money; just like Tata does for Land Rover and Jaguar. If Turkish government is OK with just giving the money then it's fine, I would like to see SAAB as a Turkish brand. Unfortunately our government wants to be involved in every step of creating a brand and building it. In any way I would like to see both Turkey and SAAB do great in the near future even if they aren't together.
Today's headlines
Sport
Sweden's star striker Zlatan 'recovering well'
Zlatan Ibrahimovic is Sweden's top scorer in history. PHOTO: TT/Maja Suslin

Sweden's star striker Zlatan 'recovering well'

Zlatan Ibrahimovic is recovering well from the nagging heel problem that has stopped him playing for Sweden during its Euro 2016 qualifying campaign. READ  

International
Swedish sisters create viral Syria stir
A shot from the video on YouTube.

Swedish sisters create viral Syria stir

Two sisters from Södertälje near Stockholm are celebrating getting more than 1.3 million hits on YouTube, with a video calling for peace in war-torn Syria. READ  

Pirate Bay
Pirate Bay founder gets three years in prison
A 2013 image of Svartholm Warg. Photo: TT

Pirate Bay founder gets three years in prison

Swedish "hactivist" Gottfrid Svartholm Warg has been sentenced to three-and-a-half years in prison for hacking crimes. READ  

Royal family
Princess Madeleine to make Nobel comeback
Princess Madeleine at a previous Nobel banquet. Photo: TT

Princess Madeleine to make Nobel comeback

Sweden's Princess Madeleine is scheduled to appear at the Nobel Festival in Stockholm in December, after taking time out from her royal duties to focus on looking after her daughter. READ  

Politics
'We knew that Israel would be critical'
Foreign Minister Margot Wallström (left), with Sweden's Prime Minister Stefan Löfven. Photo: TT

'We knew that Israel would be critical'

Sweden's Foreign Minister has told The Local she respects Israel's decision to recall its ambassador after Sweden officially recognized the State of Palestine, and laughed off comments about IKEA furniture made by her Israeli counterpart. READ  

Analysis
'Store up your sunlight hours before winter'
Doctors say we should make the most of the autumn sunshine. Photo: Shutterstock

'Store up your sunlight hours before winter'

Spending time outdoors this autumn will help you survive a cold, dark Swedish winter. Baba Pendse, Head of Psychiatry at Lund University shares his top tips for battling the seasonal blues with The Local. READ  

Sports
Plot for shared Scandi Winter Olympic bid
Skiers hit the slopes in Åre, western Sweden. Photo: TT

Plot for shared Scandi Winter Olympic bid

Norwegian sports officials have said they want to co-host the winter Olympics with Sweden in 2026. But there has so far been no official response from Sweden. READ  

National
Anti-Israel graffiti 'not a race crime': Court
Photo: TT

Anti-Israel graffiti 'not a race crime': Court

A teenage boy who painted anti-Israel slogans and symbols on the Concert Hall in Gothenburg has been convicted for the damages he caused, but he walked free from racial agitation charges. READ  

Entertainment
A closer look at Sweden's rising stars
Swedish actresses Sandra Huldt and Julia Ragnarsson. Julia (right) has been nominated for a Rising Star award. Photo: TT

A closer look at Sweden's rising stars

Like to be ahead of the game when it comes to the next big thing on the silver screen? We find out more about the Swedish nominees for the Rising Star award to be presented at Stockholm's International Film Festival next week. READ  

Science
Swedish women in two-year sex pill study
Contraceptive pills have been linked to mood swings. Photo: Shutterstock

Swedish women in two-year sex pill study

Three hundred women from across Sweden are taking part in a study designed to demonstrate that modern contraceptive pills don't lead to decreased libido or mood swings. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Lifestyle
Stockholm's shocking take on Halloween
Sport
Top ten quotes from Zlatan Ibrahimovic
Business & Money
Get your own office in Gothenburg or Stockholm - free for a day
Gallery
People-watching: October 30th
National
Sweden remains fourth best for gender equality
Blog updates

31 October

Editor’s Blog, October 31st (The Local Sweden) »

"Hello readers, Welcome to our latest 60-second round-up of the week’s news. First, Sweden made headlines around the..." READ »

 

29 October

Scariest day (Blogweiser) »

"This is what’s frightening me on Halloween. http://www.youtube.com/watch?v=D4OFZVCu8J0&list=UUJu5J7jG4uoYSjWbpFsJBuQ Follow my posts on FB. ..." READ »

 
 
 
National
Timeline: Julian Assange sex allegations
Sport
World Cup ski race on 'fake' Stockholm slope
Society
An Arctic tradition: hunting and handicraft
Society
Stockholm taxis offer free therapy sessions
National
The Local meets Health Minister Gabriel Wikström
Gallery
Property of the week: Österåker
Society
Homeless turtles get Stockholm police ride
National
Construction worker has 'Sweden's best beard'
National
Italian musician jazzes up Sweden's Lapland
Gallery
Zlatan's career in pictures
Finest.se
Gallery
People-watching: October 25th and 26th
Lifestyle
'Swedes are funnier than they think'
National
Swedish town 'like Venice' after heavy rains
Lifestyle
What's On in Sweden: October 24th - 31st
Gallery
People-watching: October 22nd
Gallery
In Pictures: Prince Carl Philip and Sofia Hellqvist
Lifestyle
Eight things to love about renting a Swedish apartment
National
Vasa ship cannon blasted in Sweden
National
Sub hunt: Day-by-day
National
Sub hunt: Stockholm islanders share their fears with The Local
Sponsored Article
The best options for oversea transfers
National
Dentist gives free care to Roma beggars
Gallery
Property of the week: Malmö
Gallery
PHOTOS: 'Foreign activity' in Swedish waters
TT
Society
QUIZ: How good is your Swedish?
Society
The nudity... and nine other things expat men notice in Sweden
Gallery
People-watching: October 15th
Gallery
Your views: Should outdoor smoking be banned in Sweden?
Business & Money
Sweden has 'large hole' in finances
Sponsored Article
Introducing... Finding a job in Stockholm
Society
Monster salmon caught in northern Sweden
Gallery
Property of the week: Lorensberg
National
Scandinavia's child bride
National
Ebola crisis: How is Sweden preparing?
Business & Money
How Sweden is becoming a cashless society
Gallery
Stockholm Burlesque Festival 2014
National
How a little red horse became a symbol for Sweden
Gallery
People-watching: October 12th
Business & Money
The hottest start-ups from southern Sweden
National
Stockholm is 'best' region for well-being
Sponsored Article
How to catch the first lobster of the year
Team SCA
Sponsored Article
All-female SCA team takes off on Volvo Ocean Race
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

989
jobs available
Swedish Down Town Consulting & Productions
Swedish Down Town Consulting & Productions is an innovative business company which provides valuable assistance with the Swedish Authorities, Swedish language practice and general communications. Call 073-100 47 81 or visit:
www.swedishdowntown.com
PSD Media
PSD Media is marketing company that offers innovative solutions for online retailers. We provide modern solutions that help increase traffic and raise conversion. Visit our site at:
http://psdmedia.se
If you want to drink, that’s your business.
If you want to stop, we can help.

Learn more about English-language Alcoholics Anonymous in Sweden. No dues. No fees. Confidentiality assured.
AA-EUROPE.ORG/SWEDEN