• 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
Politics
Nuclear freeze agreed by new government
A nuclear power station in Forsmark, Sweden. Photo: TT

Nuclear freeze agreed by new government

Sweden's Social Democrats and Greens Party have announced a coalition agreement to halt nuclear energy development. READ  

International
Sweden rethinks Afghan translators' asylum
A Swedish soldier in Afghanistan. Photo: TT

Sweden rethinks Afghan translators' asylum

The Migration Court in Malmö has ruled that Sweden's Migration Board was wrong to reject the residence applications of seven Afghan interpreters without assessing their protection needs. READ  

The Local List
Top five winter festivals in Sweden
Speak Percussion will perform at Connect in Malmö in November. Photo: Connect

Top five winter festivals in Sweden

Autumn has swept into the country and chilly days lie ahead. But there are plenty of winter festivals where you can warm up in the coming months. With tickets already selling fast, here are The Local's top tips. READ  

Business
Swedish Saab plant sheds a third of workers
Workers at the Saab plant in Trollhättan. Photo: TT

Swedish Saab plant sheds a third of workers

Swedish car maker Saab has announced it has axed 155 workers, close to a third of its workforce. READ  

International
Sweden's 'most dangerous art' on sale
A Danish site is selling the works that the Swedish state wants destroyed. Screenshot: www.entartetekunst.dk

Sweden's 'most dangerous art' on sale

Work by controversial jailed Swedish artist Dan Park is on sale online and could reach a gallery in Copenhagen, despite a previous exhibition being pulled. READ  

Society
Sweden is 'second best' place to grow old
Pensioners in Sweden. Photo: TT

Sweden is 'second best' place to grow old

Sweden has dropped to second place in an annual index measuring the quality of life of elderly people in 96 countries around the world. READ  

National
Top Swedish skier killed in Chile avalanche
Andreas Fransson, left. Photo: Markus Alatalo

Top Swedish skier killed in Chile avalanche

UPDATED: The bodies of two of the world's top skiers, Sweden's Andreas Fransson and JP Auclair from Canada, were found on Tuesday after they were reported missing in an avalanche in the Andes. READ  

Politics
Coalition promise to boost welfare and jobs
Social Democrat leader Stefan Löfven. Photo: TT

Coalition promise to boost welfare and jobs

UPDATED: The Social Democrats and the Greens have agreed to raise unemployment payments and promised to create more jobs in the construction industry, The Local has learned. READ  

National
Ikea recalls elk pasta
Two types of pasta are affected. Photo: IKEA

Ikea recalls elk pasta

Ikea has pulled two different types of elk-shaped pasta from its stores in Sweden. READ  

Presented by Regus
How to get your own great office in Stockholm
A woman using a Regus workspace. Photo: Regus

How to get your own great office in Stockholm

Stockholm's business climate is hotter than ever, which leaves start-ups and business travellers hunting high and low for flexible office space. The solution is easier than they think. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
National
Apology for Swedish model's stolen photos
Politics
New coalition agrees on defence and migration
Fastighetsbyrån
Gallery
Property of the week: Botkyrka
Education
New government to make school compulsory to 18
Politics
Sweden Democrat wins Deputy Speaker spot
Blog updates

28 September

Spoiled Doyle (Blogweiser) »

"What you gotta watch out for in Sweden is the good stuff. http://www.youtube.com/watch?v=Re_EzUe6xpI In Sweden, it’s the good things you have to watch out for. Video on @TheLocalSweden http://t.co/rAb8eGFdTD pic.twitter.com/w37YYwMXy1 — Joel Sherwood (@joeldsherwood) September 29, 2014 " READ »

 

26 September

 (The Local Sweden) »

"Hi readers, Autumn swept into Sweden at the start of this week with snow in the north of the country and flooding in the south. As well as a change in the weather, Sweden’s change in political direction became clearer, with Social Democrat leader Stefan Lofven formally announcing his party would work with the Greens as..." READ »

 
 
 
National
Swedish scientists sneak Bob Dylan lyrics into articles
Lifestyle
The five best Swedish songs of the month
Gallery
People-watching: September 28th
National
When Italian style meets Swedish simplicity
Lifestyle
Review: Sweden's first alcohol-free nightclub
Gallery
In Pictures: The MS Estonia disaster
Lifestyle
Ten things expat women notice in Sweden
Politics
What's next on Sweden's political stage?
Gallery
Sweden's 2014 election: Most memorable moments
Society
What's on in Sweden
Gallery
People-watching: September 24th
Seaman Oliver Gee with his first lobster
Lifestyle
How to catch the first lobster of the year
Gallery
In Pictures: Fredrik Reinfeldt through the years.
Society
Plucked out of Canada for love and guitars
Politics
How Sweden Democrats went mainstream
Politics
Scandinavia and Scotland: closer links?
Sponsored Article
How to start a business in Stockholm
Society
Why is Stockholm's Södermalm so cool?
Politics
Sweden elections: Who's who?
Sponsored Article
Introducing… Insurance in Stockholm
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

852
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