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May 28, 2012
Victor_muller
The following articles have been tagged with "Victor_muller":
China's Youngman bids anew for Saab: report
Business & Money: 17 Apr 12
Chinese automaker Youngman has offered to buy bankrupt Swedish carmaker Saab for 3.2 billion kronor ($470 million) and invest more money to restart production in Sweden, according a Swedish media report
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Saab trustees declare multi-billion kronor debt
Business & Money: 10 Apr 12
Saab has a staggering 13 billion kronor ($1.92 billion) in outstanding debts, trustees declared on Monday, as the assets of the bankrupt Swedish automaker go under the hammer on Tuesday.
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Youngman makes new Saab offer: owner
Business & Money: 20 Feb 12
Chinese company Youngman has made a new offer to the administrators for the bankrupt Swedish car-maker, confirmed the founder and owner of Youngman, Pang Qingnian, on Monday.
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‘Turkish Saab’ would stay in Trollhättan: report
Business & Money: 5 Jan 12
If Saab gets Turkish owners, the company will continue to build cars in Trollhättan, according to Turkish company Brightwell Holdings, which recently entered in the competition over the cash-strapped carmaker.
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Sweden's five biggest news stories of 2011
Analysis & Opinion: 29 Dec 11
As 2011 draws to a close, The Local looks back at some of the stories that dominated headlines in Sweden in the past year.
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Turkish ambassador: Saab CEO called us
Business & Money: 20 Dec 11
Turkey's ambassador in Stockholm on Tuesday denied reports that her country was interested in purchasing Saab Automobile, claiming Saab CEO Victor Muller had sought a meeting in a last ditch effort to save the company from bankruptcy.
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Muller: Saab bankruptcy 'the darkest day'
National: 19 Dec 11
A Swedish court approved Saab Automobile's bankruptcy petition on Monday afternoon after a dejected Victor Muller, CEO of the embattled Swedish automaker, told reporters it was “the darkest day in Saab's history”.
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Saab files for bankruptcy
Business & Money: 19 Dec 11
After months of teetering on the brink, Swedish carmaker Saab Automobile on Monday filed for bankruptcy protection, ending two years of efforts to save the iconic Swedish brand.
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GM 'won't support' new plans to save Saab
Business & Money: 17 Dec 11
General Motors (GM) said on Saturday it cannot accept any of the proposed solutions presented so far to help save Swedish automaker Saab Automobile, which continues to teeter on the brink of bankruptcy.
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Saab limps along after new Chinese payout
Business & Money: 13 Dec 11
The first share of the money promised to Saab by Chinese Youngman has arrived into the cash-strapped carmaker's accounts, according to company representatives.
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Saab to file for bankruptcy: report
National: 12 Dec 11
Beleaguered Swedish automaker Saab is expected to file for bankruptcy on Monday, according to reports in the Swedish media.
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Saab juggles Chinese suitors 'to please GM'
Business & Money: 5 Dec 11
Swedish Automobile, the owners of beleaguered Swedish carmaker Saab have revealed that they are in talks with a new configuration of Chinese partners in what has been described as a bid to appease previous owner US General Motors.
READ »
Saab backer Antonov released on bail
Politics: 26 Nov 11
Russian financier and former Saab-speculator Vladimir Antonov was released on bail by a British court on Friday, following his arrest in London on suspicion of fraud.
READ »
Saab backer Antonov held in London: report
Business & Money: 25 Nov 11
Russian financier and once prospective buyer of cash-strapped Swedish carmaker Saab, Vladimir Antonov, has been detained in London, on suspicion of embezzling money from a Lithuanian bank.
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Saab backer Antonov suspected of fraud
Business & Money: 23 Nov 11
Lithuanian prosecutors have issued a European arrest warrant for the Russian financier and Saab backer Vladimir Antonov on suspicion of fraud and money laundering.
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GM threat to Saab sale 'regrettable': minister
Business & Money: 8 Nov 11
The Swedish government has described as unfortunate a statement by General Motors this week threatening to block the transfer of technology licences if two Chinese companies buy Saab.
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GM halts sale of Saab to Chinese firms
Business & Money: 7 Nov 11
US automaker General Motors (GM) has put the brakes on the planned purchase of Sweden's Saab by two Chinese carmakers over concerns about technology licensing.
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Chinese firms reveal Saab profit ambitions
Business & Money: 31 Oct 11
Chinese automakers Pang Da and Youngman, the new owners of Sweden's Saab, have stated that the firm will turn a profit no later than 2014, according to an ambitious plan laid out on Monday.
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Chinese firms to invest 'billions' in Saab
National: 31 Oct 11
Chinese automakers Pang Da and Youngman, the new owners of Sweden's Saab, plan to pump some 7.5 billion kronor ($1.16 billion) into the firm, with 2 billion kronor earmarked for Trollhättan.
READ »
'Cautious optimism' over Saab's second escape from bankruptcy
Analysis & Opinion: 28 Oct 11
While the sale of Saab Automobile may have once again helped the troubled Swedish automaker avoid bankruptcy, uncertainties about possible layoffs and obtaining necessary approvals remain, the AFP's Nina Larsson explains.
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Chinese firms in deal to buy Saab Automobile
Business & Money: 28 Oct 11
Chinese automakers Pang Da and Youngman have agreed to purchase Saab Automobile, according to a statement issued Friday by Saab owner Swedish Automobile.
READ »
Saab CEO rebuffed Chinese purchase bid
Business & Money: 21 Oct 11
Saab CEO Victor Muller rejected an offer by Chinese investors to buy the troubled Swedish automaker outright, throwing a spanner in previous funding agreements and threatening the company's reorganisation bid.
READ »
Pang Da: Saab comment 'a misunderstanding'
Business & Money: 12 Oct 11
Chinese firm Pang Da and Sweden's Saab have issued a joint statement to clarify that the contract between the firms is valid, stating that prior comments to the contrary were due to a "misunderstanding".
READ »
Appeals court to review Saab reconstruction
Business & Money: 19 Sep 11
The Swedish court of appeals has agreed to review the application from beleaugered Saab Automobile to undergo reconstruction, an application which was previously rejected by a lower court.
READ »
Unions file bankruptcy petition against Saab
Business & Money: 12 Sep 11
Two Swedish labour unions have filed a request to force troubled automaker Saab into bankruptcy, the Unionen labour group said in a statement on Monday.
READ »
'No salary cash at Saab': Muller
Business & Money: 10 Sep 11
Saab Automobile CEO Victor Muller proclaimed on Friday that Saab has the money to pay employee wages, but can't do so because of debts. Muller has now made a u-turn - there is no cash to pay the wages - at least not at Saab.
READ »
Saab to appeal creditor protection rejection
Business & Money: 9 Sep 11
Saab will appeal a Swedish court decision to reject the automaker's request for bankruptcy protection, parent company Swedish Automobile announced on Friday.
READ »
Swedish court rejects Saab restructuring
Business & Money: 8 Sep 11
Vänersborg district court in western Sweden has rejected beleaguered carmaker Saab Automobile's applications for business restructuring. Chairperson and CEO Victor Muller responded by declaring the firm's intention to appeal.
READ »
Crisis-hit Saab files for bankruptcy protection
Business & Money: 7 Sep 11
Swedish automaker Saab Automobile has applied for bankruptcy protection as it continues to battle mounting debts, according to a press release from owners Swedish Automobile.
READ »
Saab owner's losses increase ten-fold
Business & Money: 1 Sep 11
Swedish Automobile, the owner of beleaguered automaker Saab, on Wednesday announced a massive loss for the first half of the year and was still hunting for funds to restart production.
READ »
Saab bonuses upheld despite crisis
Business & Money: 27 Aug 11
Despite the ongoing crisis surrounding Saab no action will be taken over payouts and bonuses paid to shareholders, following a government audit.
READ »
Saab unions demand answers from CEO
Business & Money: 10 Aug 11
Saab CEO and sole director, Victor Muller, will meet Wednesday with representatives of the four unions at its factory in Trollhättan in western Sweden, who are seeking answers as to how the company will ensure that wages are paid.
READ »
Replace Muller as Saab CEO: local politician
Business & Money: 27 Jul 11
Victor Muller should be replaced as CEO of Saab, a local Swedish politician has argued followed the latest twist in the ongoing cashflow crisis at the beleaguered Swedish car firm.
READ »
Saab's property deal approved by EIB
Business & Money: 4 Jul 11
On Monday the European Investment Bank (EIB) announced its approval Saab’s property sale, which will give the company the much needed cash-injection it sought to acquire through the sale.
READ »
Saab secures short term funding, pays wages
National: 29 Jun 11
Saab's owner Swedish Automobile announced Wednesday it had secured more short-term funding with a 25-million-euro ($36-million) loan and that it has started paying out staff's salaries for June.
READ »
Saab to pay staff after new China order
Business & Money: 27 Jun 11
An unnamed Chinese firm has ordered 582 cars from the crisis-hit Swedish car maker Saab in an order worth around €13 million ($18 million) and enabling the beleaguered firm to pay staff salaries.
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Muller only member left on Saab board
Business & Money: 27 Jun 11
Saab CEO Victor Muller is the only member left on the board of directors of the troubled Swedish automaker after the departure of several board members in recent days.
READ »
Saab unveils second partner in new China deal
Business & Money: 13 Jun 11
Cash-strapped Swedish automaker Saab announced on Monday it had finalised the details of an a agreement with China's Pang Da and Zhejiang Youngman Lotus Automobile to manufacture and distribute cars in China.
READ »
Saab production resumes in Sweden
Business & Money: 27 May 11
After seven-weeks of silence, the assembly lines at Saab Automobile's factory in Trollhättan in western Sweden rumbled to life again on Friday thanks to help from new Chinese partner Pang Da.
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Saab chair apologises to employees
Business & Money: 17 May 11
Saab chairman Victor Muller arrived in Trollhättan on Tuesday to brief employees on the cooperation with Chinese firm Pang Da and to apologise for the turbulence of recent weeks.
READ »
Saab announces new Chinese partnership
Business & Money: 16 May 11
Swedish car maker Saab has signed a new framework agreement with China's Pang Da Automobile, the cash-strapped firm's Dutch owner Spyker said on Monday.
READ »
Suppliers lose patience with Saab
National: 14 May 11
The continuing troubles at Swedish car maker Saab took yet another new twist on Friday when several suppliers warned staff of possible redundancies.
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Reinfeldt 'concerned' over Saab deal collapse
National: 12 May 11
Sweden's prime minister Fredrik Reinfeldt expressed concern about the future of Saab following the collapse Thursday of a deal with China's Hawtai that would have provided Swedish automaker with much needed cash.
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Saab, Hawtai rebuff embassy criticism
Business & Money: 6 May 11
Saab new Chinese partner Hawtai on Friday dismissed concerns voiced by the Swedish embassy in Beijing about the company's capacity to rescue the troubled Swedish automaker.
READ »
Questions remain over Saab financing
Business & Money: 4 May 11
There are still uncertainties regarding new financing arrangements for cash-strapped Swedish carmaker Saab despite Tuesday’s announcement of a 'strategic partnership' with Chinese Hawtai Motor Group.
READ »
Saab secures partnership with Chinese firm
Business & Money: 3 May 11
Saab has entered into a "strategic partnership" with Chinese Hawtai Motor Group, who plan to invest billions of kronor into the Swedish firm, it was announced on Tuesday.
READ »
Fresh cash, new Chinese partner set to revive Saab
National: 2 May 11
Production at Swedish car maker Saab is set to resume within a week after the firm secured a deal for a €30 million ($45 million) cash injection on Monday amid reports that the company had also forged a partnership with a Chinese automaker.
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Saab debts mount as cash search continues
Business & Money: 2 May 11
The problems continue to mount at Swedish carmaker Saab with mounting debts, falling sales and an ongoing search for Chinese finance still without result.
READ »
Losses continue for Saab owner Spyker
Business & Money: 29 Apr 11
Saab Automobile owner Spyker Cars reported a net loss of €76.3 million ($113 million) for the first quarter, but sales of the iconic Swedish brand shows signs of upward swing.
READ »
Sweden’s Saab - back to the future?
Analysis & Opinion: 28 Apr 11
With Swedish carmaker Saab once again teetering on the brink of financial disaster a little over a year after it was saved from bankruptcy, The Local’s Peter Vinthagen Simpson reviews the recent trials and tribulations of this once iconic brand.
READ »
Lay-offs loom at Saab suppliers
Business & Money: 23 Apr 11
Suppliers to beleaguered Swedish carmaker Saab have reported that they will be forced to start laying off staff if there is no decision by the European Investment Bank to approve the sale of real estate by the end of this weekend.
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Saab faces tough battle to survive: experts
Business & Money: 17 Apr 11
Although the Swedish government helped Saab last week by easing its liquidity issues, many industry observers are skeptical that the company can survive.
READ »
Spyker can't change its name to Saab
Business & Money: 7 Apr 11
Swedish defence contractor Saab AB doesn't want Spyker Cars, owner of the similarly named Swedish automaker, to have Saab in its new name. Meanwhile, Saab assembly lines remain idle amid continued negotiations with suppliers.
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Saab production halted 'until further notice'
Business & Money: 6 Apr 11
Cash-strapped Swedish carmaker Saab announced on Wednesday that it was cutting all production at its Trollhättan plant until it has found a solution to persistent delivery problems.
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Saab payment ‘glitches’ continue
Business & Money: 5 Apr 11
The Saab production lines stopped again Tuesday due to lack of material, with angry suppliers confirming that unpaid invoices lie behind the continuing problems.
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Saab seeks to allay financial health fears
Business & Money: 4 Apr 11
Swedish carmaker Saab and its Dutch owner Spyker took steps on Monday to reassure investors that the future is based on solid financial ground, while reports indicate that Spyker head Victor Muller doubled his salary in 2010.
READ »
Saab CEO resigns after 'three demanding years'
Business & Money: 25 Mar 11
Jan Åke Jonsson has resigned as CEO of Swedish car maker Saab Automobile, the company announced in a statement on Friday, amid growing doubts over the firm's relaunch since being bought by Dutch Spyker Cars.
READ »
Saab backer Antonov to open Swedish bank
Business & Money: 24 Mar 11
Vladimir Antonov has revealed plans to set up a bank in Sweden, and the Russian financier says he is ready to make a major investment in Swedish automaker Saab.
READ »
Saab Automobile hires Aussie blogger who 'saved' the company
Business & Money: 16 Mar 11
An Australian blogger with a passion for Saab cars who "played a key role in saving Saab" has been rewarded with a job at the Swedish automaker.
READ »
Antonov ready to be an owner of Saab
Business & Money: 10 Mar 11
Russian financier Vladimir Antonov expressed his doubts about sales goals for Saab Automobile on Thursday, adding that the Swedish automaker may need an extra buffer.
READ »
Saab rolls out futuristic concept car in Geneva
Science & Technology: 1 Mar 11
Saab unveiled its new concept car today at the International Geneva Motor Show - a futuristic sports car with butterfly doors known as the PhoeniX.
READ »
Antonov sets sights on Saab ownership
Business & Money: 24 Feb 11
Russian financier Vladimir Antonov, who on Thursday agreed to buy the sports car operations of Saab Automobile owner Spyker Cars, said it's only a matter of time before he claims an ownership stake in the Swedish automaker.
READ »
'Saab's future in jeopardy': auto expert
Business & Money: 7 Jan 11
A prominent auto industry expert has warned that, based on current figures, Saab Automobile won’t likely survive more than three more years.
READ »
Saab unveils new 9-4X in Los Angeles
Business & Money: 19 Nov 10
Sweden-based Saab Automobile showed off its new 9-4X at the Los Angeles Auto Show on Thursday, hoping its first-ever crossover SUV will be a hit in the US market.
READ »
Saab's luxurious new 9-5 is ready for take off
Lifestyle: 11 Oct 10
For Swedish carmaker Saab, its new 9-5 model could not be more important. Contributor David Hooper finds out if it lives up to all of its pre-launch hype, and considers the company’s plans for the future.
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Saab deal puts BMW engines under the hood
Business & Money: 29 Sep 10
Germany’s BMW will supply engines to Swedish automaker Saab starting in 2012, the company announced on Wednesday.
READ »
Spyker confirms talks with BMW over Saab deal
Business & Money: 27 Sep 10
Spyker Cars, the Dutch automaker that owns Sweden's Saab, confirmed on Monday that it was in talks with Germany's BMW, noting speculation about a "possible supply relationship."
READ »
General Motors slammed in Saab sale exposé
Business & Money: 10 Sep 10
Jöran Hägglund, the Swedish government's representative at the heart of the deal to sell Saab has pointed the finger at US giant GM and 'foolish' opposition parties, in a revealing new book exposing the battle to save the firm.
READ »
Saab owner Spyker first-half losses soar
Business & Money: 27 Aug 10
Spyker Cars, the Dutch specialist automaker of Sweden's Saab, said on Friday that its first-half losses soared as a result, but it insisted that it was still on course for a 2012 profit.
READ »
Saab owner Spyker's debts greater than assets
Business & Money: 26 Aug 10
Luxury car manufacturer Spyker Cars, which purchased Sweden's Saab from General Motors, has more debts than assets, according to a filing submitted to the stock exchange in Amsterdam, NYSE Euronext.
READ »
Spyker chief promises new life for Saab
Business & Money: 2 Jun 10
The head of Dutch sportscar maker Spyker promised in an interview on Tuesday to secure the future of his recently acquired iconic Swedish brand Saab by giving it back its identity and independence.
READ »
Saab making steady return to health: CEO
National: 13 May 10
Saab CEO Jan Åke Jonsson has said the iconic Swedish brand is showing good signs of recovery after teetering close to the abyss before its sale to Dutch luxury car maker Spyker.
READ »
Spyker withdraws funds from Saab offshoot
National: 20 Apr 10
Dutch firm Spyker has declared its intention to cover its losses by taking funds from Saab GB, arguing that the firm is not a Saab subsidiary but an independent company bought from US General Motors.
READ »
Saab-Spyker chief wants new retro Saab 92
National: 8 Apr 10
Saab Automobile's new chairperson, Victor Muller, wants the Swedish firm to prioritize the development of a new version of the classic Saab 92 in a retro design mirroring similar moves by Fiat, with its 500, and the Volkswagen Beetle.
READ »
Chinese BAIC expresses interest in Saab investment
National: 2 Apr 10
China's Beijing Automotive Industry Holding Co. has said it wants to invest in Saab after it failed to buy the Swedish car company, according to a newspaper interview published on Thursday.
READ »
Spyker announces Saab jobs boost
Business & Money: 25 Mar 10
Swedish carmaker Saab aims to expand production sixfold over the next two years, and outlined plans to increase its workforce by 500, the firm's new owners, Spyker Cars, said on Wednesday.
READ »
Saab production lines roll again
Business & Money: 22 Mar 10
At exactly 9.17am on Monday, Saab Automobile's production director Gunnar Brunius cut through a yellow ribbon to restart the production lines at the firm's Trollhättan factory.
READ »
Saab's Russian backer seeks clean slate
Business & Money: 4 Mar 10
Vladimir Antonov, the Russian businessman and backer of Spyker Cars' takeover of Saab, has launched a campaign to clear his name from allegations of money laundering and organised crime.
READ »
Spyker completes Saab deal
National: 23 Feb 10
Spyker and General Motors have completed the final paperwork to seal the Dutch luxury car maker's purchase of Saab Automobile.
READ »
'Saab purchase delayed': Spyker CEO
Business & Money: 23 Feb 10
The purchase of Swedish car maker Saab by Spyker, scheduled to be completed on Tuesday, could be delayed by another day, the Dutch firm's CEO Victor Muller said on Tuesday.
READ »
Antonov pledges $100 million for Saab deal
National: 19 Feb 10
Vladimir Antonov, the Russian businessman and backer of Spyker Cars, has pledged that he is ready to lend $100 million to the Dutch car maker in order to finance their takeover of Saab.
READ »
Russian businessman finances Saab deal
National: 18 Feb 10
Vladimir Antonov, the Russian businessman forced to step aside as a condition of the takeover of Saab by Dutch Spyker, has claimed that his banks have financed the first downpayment to General Motors.
READ »
Spyker chief upbeat as EIB approves Saab loan
National: 12 Feb 10
The European Investment Bank has given the all clear for the completion of a €400 million loan to Saab Automobile.
READ »
Saab green light from Spyker shareholders
Business & Money: 12 Feb 10
Spyker's shareholders have given the all clear fro the Dutch luxury car maker to press ahead with the purchase of Saab Automobile from General Motors.
READ »
Saab dealers: we'll help pay for Spyker deal
Business & Money: 5 Feb 10
Swedish Saab dealers have said they are willing to stump up millions of kronor to help Dutch sportscar maker Spyker secure its purchase of Saab Automobile.
READ »
Sky darkens over Spyker-Saab funding
Business & Money: 2 Feb 10
Spyker CEO Victor Muller is missing a third of the funds required to complete the purchase of Saab from GM as questions mount over the secret financiers rumoured to be backing the deal.
READ »
Dutch shareholders doubt Saab-Spyker deal
Business & Money: 29 Jan 10
The director of the Dutch Shareholder's Association VEB has thrown a spanner in the works of the Saab-Spyker deal by publicly demanding answers from Spyker CEO Victor Muller on his financing plans.
READ »
Spyker chief to preserve Saab's 'Swedishness'
National: 27 Jan 10
Shortly after the announcement that his company was purchasing Saab Automobile, Spyker Cars CEO Victor Muller vowed to keep the "iconic" Saab brand afloat amid the current car industry crisis.
READ »
The inside track: Spyker
Analysis & Opinion: 26 Jan 10
Dutch luxury sportscar maker Spyker, which is to buy Sweden's Saab from US auto giant General Motors, is a minnow in the global automotive industry.
READ »
Saab enters new era
Business & Money: 26 Jan 10
Saab Automobile has been rescued from extinction as owner General Motors agrees to sell the iconic Swedish brand to Dutch sports car maker Spyker.
READ »
Trading in Spyker halted on Dutch exchange
Business & Money: 26 Jan 10
Trading in Dutch sports car maker Spyker has been halted on the Euronext Amsterdam stock exchange as speculation mounts about a takeover of Saab Automobile.
READ »
Dutch billionaire could save Saab: report
Business & Money: 25 Jan 10
Dutch billionaire businessman Marcel Boekhoorn has upped his investment in Saab suitor Spyker, replacing the Russian bankers who represented a stumbling block to the deal for General Motors, according to Swedish media reports.
READ »
Spyker boss to Sweden over Saab future
National: 23 Jan 10
Negotiations between General Motors and Dutch luxury car maker Spyker over the future of Saab were believed to have moved to Stockholm on Friday, with media reports stating Spyker CEO Victor Muller paid a visit to the capital.
READ »
Formula One boss submits new Saab bid
National: 13 Jan 10
The battle over the future of Saab took another twist on Wednesday as a group including Formula One boss Bernie Ecclestone submitted a new bid to buy the Swedish automaker from General Motors.
READ »
Spyker chief: we've shown GM the money
Business & Money: 13 Jan 10
Saab can still be sold, Dutch sportscar maker Spyker insisted once again on Tuesday, claiming it had the money needed to purchase the Swedish brand.
READ »
GM confirms multiple Saab bidders
National: 8 Jan 10
General Motors confirmed on Friday that it has received a number of bids for Swedish unit Saab Automobile.
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Spyker confirms revised Saab bid
National: 8 Jan 10
Dutch sports car maker Spyker has confirmed that it submitted a renewed bid for Saab Automobile before the expiry of General Motors' Thursday evening deadline.
READ »
Formula One boss face of last-minute Saab bid
National: 8 Jan 10
British sports magnate Bernie Ecclestone has teamed up with the Luxembourg investment firm that is launching a last-minute rescue bid for Swedish carmaker Saab, according to media reports.
READ »
Spyker to submit third Saab bid: report
National: 7 Jan 10
Dutch luxury car maker Spyker is planing to approach General Motors on Thursday with a third bid for the US car maker's Swedish unit Saab Automobile, according to media reports.
READ »
Saab lovers to GM: don't shut Saab down
Business & Money: 4 Jan 10
Saab enthusiasts in North America are heading to Detroit in hopes of urging General Motors to sell the Swedish automaker instead of shutting it down as Dutch luxury carmaker Spyker puts the finishing touches to a final bid.
READ »
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