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SAAB

India demands domestic production of fighter planes

Should JAS Gripen win the race to build 126 fighter planes for the Indian Air Force, most of the planes would be slated for production in India rather than Linköping.

India wants 108 of the planes to be manufactured in India. The order is reported to be worth a total of 60 billion kronor ($9 billion).

Saab’s head of communications Anders Florenius said that the unconditional demand represented both a challenge and the harsh realities of international business.

“Of course it would be great if things were like before, when we’d get an order and produce it in Linköping or Karlskoga. But that’s not the way the market looks any more,” he told Sydsvenskan.

Saab’s Gripen is competing with a number of other aircraft for the largest order in the flight industry since the beginning of the 1990s.

India eventually intends buying a total of 300 fighter planes, with the initial order consisting of 126 aircraft.

Gripen’s main competitors are the American F-16 and F/A-18 planes, France’s Rafale, the Russian Mig-35 and the pan-European Eurofighter.

CARS

Former Swedish Saab bosses appear in court

Swedish car maker Saab's former CEO Jan Åke Jonsson and the firm's former head lawyer Kristina Geers have appeared in court in Vänersborg in west Sweden, accused of falsifying financial documents shortly before the company went bankrupt in 2011.

Former Swedish Saab bosses appear in court
Saab's former CEO Jan Åke Jonsson. Photo: Karin Olander/TT
The pair are accused of falsifying the paperwork at the height of the Swedish company's financial difficulties at the start of the decade.
 
A third person – who has not been named in the Swedish media – is accused of assisting them by issuing false invoices adding up to a total of 30 million kronor ($3.55m).
 
According to court documents, the charges relate to the firm's business in Ukraine and the paperwork in question was signed just before former CEO Jan Åke Jonsson resigned.
 
Both Jonsson and Saab's former head lawyer Kristina Geers have admitted signing the papers but denied knowledge of the Ukranian firm implicated in the case.
 
All three suspects deny all the charges against them.
 

Saab's former head lawyer Kristina Geers. Photo:  Björn Larsson Rosvall/TT
 
Saab filed for bankruptcy at the end of 2011, after teetering on the edge of collapse for nearly two years.
 
Chief prosecutor Olof Sahlgren told the court in Vänersborg on Wednesday that the alleged crimes took place in March 2011, when Saab was briefly owned by the Dutch company Spyker Cars.
  
It was eventually bought by National Electric Vehicle Sweden (Nevs), a Chinese-owned company after hundreds of staff lost their jobs.
 
The car maker, which is based in west Sweden, has struggled to resolve serious financial difficulties by attracting new investors since the takeover.
 
In October 2014 it announced it had axed 155 workers, close to a third of its workforce.
 
Since 2000, Saab automobile has had no connection with the defence and aeronautics firm with the same name. It only produces one model today, the electric 9-3 Aero Sedan, mainly targeting the Chinese market.