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SAAB IN PERIL

GENERAL MOTORS

Saab laments ‘mixed messages’ from Sweden

Tensions were high during a debate between Sweden’s enterprise minister Maud Olofsson and the CEO of Saab Automobile televised on Sveriges Television (SVT) Sunday night.

Saab laments 'mixed messages' from Sweden

“We get mixed messages from the government,” said Jan Åke Jonsson, whose company entered a court-supervised restructuring on Friday in an effort to stave off bankruptcy.

The move came after the Swedish government continued its refusal to use taxpayer money to help rescue the troubled automaker.

Jonsson added during the broadcast that Saab had been contacted by several potential buyers were interested in the company, including investors and other auto manufacturers.

But before any possible purchase moves forward, Jonsson said the government needs to send a clear signal regarding state-backed lending guarantees.

“It’s important for us to get a signal from the government. I think the signals we’ve been getting from the government have been different,” said Jonsson.

To illustrate his point, he explained that the government had said previously that Saab should request a loan from the European Investment Bank (EIB), but that Olofsson is now saying the application should have been made by Saab’s owner General Motors (GM).

Saab has, according to the Dagens Industri (DI) newspaper, submitted a request to the EIB for a €500 million ($647 million) loan.

But before a decision is taken, the EIB wants to know whether or not Sweden will provide state-back loan guarantees.

No guarantees are expected, however, until Saab has presented a credible business plan.

“It’s too optimistic,” said Olofsson in reference to Saab’s current plan.

Olofsson is set to visit Saab’s manufacturing base in Trollhättan on Monday, where she is expected to get an earful from angry workers and community leaders as she attempts to explain the government’s position.

Social Democratic party leader Mona Sahlin also participated in the televised debate on SVT’s Agenda news programme.

As she squared off with Olofsson, Sahlin explained she was positive toward Saab’s plan.

“The effects on taxpayers would be worse if Saab doesn’t get the chance to test its plan,” she explained.

TROLLHÄTTAN

Trollhättan remembers school attack victims

Hundreds of people on Saturday turned out for a torchlight procession in the small town of Trollhättan in southwestern Sweden to honour the victims of last year’s deadly school attack there.

Trollhättan remembers school attack victims
'It was an attack on all of Sweden,' Education Minister Gustav Fridolin said. Photo: Thomas Johansson/ TT

Three people were killed in an attack that shocked Sweden as a masked, sword-wielding assailant entered the school, stabbing students and teachers who appeared to be of foreign origin. Several people were also injured. The attacker, 21-year-old Anton Lundin Pettersson, was then shot dead by police.

“It was an attack on all of Sweden,” Education Minister Gustav Fridolin said as the procession ended outside the school.

In the week running up to the one-year anniversary, students of the school had made thousands of postcards in memory of the teacher, pupil and teacher aide who were killed in the assault.

A police investigation has showed that Lundin had planned the attack, which lasted around 10 minutes, after being inspired by racist websites.

A teenage student told The Local at the time that many people at the school at first thought it was some kind of a prank.

“I was in a classroom with my class when one of my classmates’ sisters called her to warn her that there was a murderer at the school. So we locked the door to the classroom, but our teacher was still outside in the corridor.”

“We wanted to warn him, so a few of us went outside and then I saw the murderer, he was wearing a mask and had a sword. Our teacher got stabbed.”

“The murderer started chasing me, I ran into another classroom. If I had not run, I would have been murdered. I’m feeling really scared. Everyone’s scared here.”

Trollhättan is an industrial town with around 50,000 residents.