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Saab administrator: 'the patient is dead'

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Saab administrator: 'the patient is dead'
09:04 CET+01:00
Saab's bankruptcy administrator said at a press conference on Saturday that the company is dead but continues to bleed, while retaining hope that a buyer can be found.

"Saab is a patient who has long bled to death and the brutal truth is that the patient is dead."

"But the patient has not stopped bleeding," Hans Bergqvist, one of Saab's bankruptcy administrators, said on Saturday in a first public statement following the long-embattled firm's bankruptcy in December.

Bergqvist continued to underline the importance of maintaining the residual value within the firm in order to increase the chances of staying afloat.

He also said that the administrators had chosen to bide their time to wait for the right moment to approach former owner US firm General Motors to discuss Saab's future.

Although GM beat them to it with a new statement in which they underlined that they were unwilling to release licences for their technology to any new buyers.

"GM got there before us and we now have to take this into consideration before we continue."

Bergqvist underlined that the administrators are conducting an ongoing dialogue with stakeholders.

"Over the next two to three weeks it will emerge which are serious."

He noted that interest has been shown in both the business as a whole and in part.

The inventory of Saab's bankruptcy has not yet been completed and according to Hans Bergqvist, the delay is understandable.

"There is an enormous task," he said, expressing hope that it would be completed by March.

Bergqvist's colleague Anne-Marie Pouteaux revealed that there are several interested parties keen on taking over the Saab museum but no decision has been taken.

"We have received a large number of bids and we shall now evaluate them," she said.

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