Youngman has placed the bid for Saab

Youngman did place a bid for Saab! They want to make cars in Trollcity! Let us hope their bid is high enough. What a great news! Museum is saved, the factory maybe very soon follows. Rachel if you read this: THANK YOU!!!!

Youngman launched its bid as early as last Monday, they really want to build cars in Trollhättan. The current bid is three billion (swedish crowns I suppose). Now the receivers are considering it. It`s still possible that Mahindra & Mahindra from India or Brightwell (from Turkey) make a better bid compared to the Youngman one. But it seems 2012 is the year new cars `ll be made in Trollhättan!

It is the end unfortunately for the 9-4X SUV (which was in fact a Mexican car and not made in Trollhättan) and the Saab 9-5NG. The 9-5NG is too much competition for GM apparently, they do not want to give Youngman (or anyone else) the right to build this great Saab. I for myself think it is still possible that GM changes his/her mind (nah, it is a his). There is a saying "if you can`t beat them, join them". It`s nearly a fact that they could not beat Saab, so... it does not make sense to see Saab as a foe instead of a client.

Youngman wants to build New-Saab 9-3`s and Lotus sportcars in the Trollhättan factory. The Saab factory is one of Europe's most modern and efficient factory for cars.


Click on the picture of the Ursaab on top of this page to see the latest post on this blog about Saab.

Youngman bid for Saab delayed to next week

My Swedish is not very good :), but as far as I understand it the Youngman bid for Saab `ll come early next week instead of this week. The Youngman bid was expected to come this week, but Rachel Pang had other plans unfortunately.

The entire Young's leadership is coming to Stockholm on Monday to meet with Saab's bankruptcy trustee (according to TTELA)

If it really is about the five billion as previously mentioned, however, is a question - it may relate to a lower bid.

With the delegation is the manager of the Automotive Division Rachel Pang and probably Youngman-founder Pang Qingnian, suggesting that it comes at a crucial stage of Youngman as stakeholders.

Read here the Swedish article.

There was also another Swedish article today about Steven Wade. But feel free to click here if you want to.

No information about the Saab museum yet...

According to Ttela there is no new information about the Saab museum yet (because of the press conference just now in Gothenburg).

It just about one month after the bankruptcy now and the managers Hans Bergqvist and Anne-Marie Pouteaux are giving a press conference in Gothenburg.

They have received over 500 bids for cars of the museum, they should be evaluated next week, according to Anne-Marie Pouteaux.

The Swedish delegation that visited China and Youngman for two days came back with good news. There is no doubt that Youngman has sufficient strength to buy and develop Saab Automobile with sustained production in Trollhättan, says Christer Palm, representing the Swedish and European Organisation for the subcontractors, according to the Financial Times.

The group, (also representatives of the region and other stakeholders were included), visited several of Youngmans factories in Jinhua and were told by the owner Pang Qingian and his daughter Rachel Pang, president of Youngman Automotive. They presented a business plan for the visitors, and plans, according to DI, to start a Saab factory in Jinhua.

Saab 9-5NG history?

As we mentioned before Rachel Pang (image below) from Youngman is determined to obtain Saab and to start building cars again. At the moment the Turkish are also still in the race to save Saab. With these two companies interested in Saab the chances are rather high that the trolls can go back to work soon.

It seems that GM still wants to frustrate the rebirth of Saab. As we understood they do not want to coöperate with any new owner of Saab to sell them parts needed to complete a new Saab 9-5. Only for the Saab 9-3 it seems easier to start production again. Maybe they change their mind under certain conditions, e.g. not to sell the 9-5 in China? Read more on SU.

That GM is afraid of Saab so much is in fact a big compliment to the trolls. As I understood Ford is still willing to deliver parts to Geely (also Chinese) to complete Volvo cars. I do not understand why GM thinks so different compared to Ford. GM makes profit on these parts too right? Maybe I`m stupid but I do not understand why good cars need to be crushed too.



The Saab 9-3 back in production is a good start for New Saab, let`s hope that `ll be reality soon.

Finally, today is a very important day for the museum. Let`s hope the Innovatum bid `ll be accepted to buy all the cars of the museum. The Ursaab can stay in Trollhätan then, much easier for Rachel if she wants to show this car to prospects for New Saabs :). Unfortunately there is no news yet about the cars of the Saab museum.

Production of new Saabs in 15 weeks?!

Rachel Pang from Youngman is scheduled to visit Sweden next week. Willing to put up 5 billion SEK, and another 5 billon SEK to develop the Phoenix platform/NG 900!

Part of the plan is to start up production of the Saab 9-3 in 15 weeks time. It seems that Youngman has found a way to work around the GM issues. Some parts of the 9-3 can be sourced through non-GM channels. The lawyer representing Youngman has said that the firm would seek to develop technology not controlled by GM.

If Rachel succeeds to obtain Saab (we all hope so) it is very important Saab`s heritage (the museum) remains alive. Please show your support by sending an e-mail with your details to museum@saabsunited.se.