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victor muller

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    Report: Bank of China to become Saab investor [UPDATE]

    Saab is showing its tenacious spirit more now than ever before, with word of another reworked proposal sliding across the desk. This latest plan, reports Automotive News, has the Bank of China assuming part ownership of Saab. The bank takes the place of Pang Da in a partnership with Youngman, and ...

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    Report: GM moves to sever ties with Saab over Chinese owner concerns

    Spitting out the equivalent of "No soup for you," General Motors has made stronger noises about shutting Saab off from its technology and component pipeline and the new 9-4X, due to the Swedish company's proposed takeover by Chinese firms Pang Da and Youngman. While the GM statement didn't appear ...

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    Spy Shots: Are you the next Saab 9-3?

    Assuming the Chinese government approves the sale of Saab to the Pang Da and Youngman companies (a very big "if," truth be told), the Swedish automaker could indeed have a bright future... in time. With the new 9-5 and 9-4X not in need of any dire updates just yet, it'd be smart for Saab to focus ...

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    Official: Saab agrees to be sold to Pang Da, Youngman

    Despite shunning a previous takeover bid earlier this month, Swedish Automobile N.V. and Chinese automakers Youngman and Pang Da have signed a memorandum of understanding for the outright purchase of Saab and Saab Great Britain for just €100 million, or around $140 million USD. The deal is ...

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    Report: Pang Da, Youngman say original Saab deal still valid

    As with any good breakup, the recent split between Saab and its Chinese suitors has birthed a bit of he-said, she-said. Automotive News Europe reports that Pang Da and Youngman have announced that their equity deal with the Swedish automaker is still valid even after Saab said that it was ...

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    Official: Saab shirks takeover bid by China's Pang Da and Youngman, terminates deal

    Saab has officially confirmed that it has terminated its deal with Pang Da and Youngman. In a press release, the company said that the deal came to an end because both of its Chinese partners failed to live up to their end of the bargain; namely supplying Saab with the interim funding necessary ...

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    Report: Admin trying to terminate Saab reorg, Muller responds by trying to terminate admin

    Things are apparently getting nasty inside Saab as the company continues to scramble for a route to viability. Autocar reports that Guy Lofalk, the court-appointed administrator placed in charge of the company's reorganization affairs, recently applied to terminate the automaker's reorganization ...

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    Report: Unidentified companies 'showing interest' in Saab, but Geely isn't one of 'em

    The Saab story continues. Automotive News and Bloomberg report that all isn't well with the Swedish automaker's Chinese suitors. Saab still hasn't received the $93 million it needs to continue to operate while it undergoes restructuring. The cash was originally supposed to come from Zhejiang ...

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    Breaking: Sweden approves protection for Saab after all, automaker to reorganize

    Rabbit. Hat. If this whole making cars thing doesn't pan out, Victor Muller and his team at Swedish Automobile N.V. would appear to have an excellent career in magic ahead of them. The executives behind troubled automaker Saab have earned the right to reorganize under government protection ...

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    Official: Saab files for government protection, plans reorganization

    After a protracted battle for financial stability, Saab has filed for government protection. The official filing submitted this morning in Sweden isn't a liquidation, however, it's a bid for reorganization with the assistance of a government-appointed independent overseer. Saab boss Victor ...

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    Official: Saab secures $36M bridge loan from Gemini Investment Fund

    During the U.S. launch of the 2012 9-4X, Saab CEO Victor Muller told us that he was good at raising money, and he is probably going further than he ever wished to prove his point. It was announced this morning that Swedish Automobile, parent company of Saab, secured a €25-million ($36M U.S.) ...

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    Report: Saab scores €13M order, Swedish real estate firm's property offer in the wings

    Saab may have finally found a willing partner to buy the company's assets and lease them back to the automaker. According to Reuters, the Swedish real estate firm Hemfosa has agreed to make the move, but the complex financial situation surrounding Saab may make the deal difficult. The European ...

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    Official: Saab to restart production after six-week suspension *UPDATE

    Six weeks have passed since Saab was forced to halt production of its 9-3 and 9-5 models in Sweden due to a lack of funds needed to pay suppliers. The automaker had hoped to get production back up and running after it agreed to a deal with Chinese automaker Hawtai Motors, but that plan was ...

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    Followup: Saab on the money hunt, still in discussions with Great Wall Motor?

    Earlier this morning came word that Saab's deal with Chinese automaker Hawtai had fallen apart. While in discussions with Hawtai, parent company Spyker was evidently also talking with another automaker located in China – Great Wall Motors. According to Reuters, those talks have apparently ...

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    Exclusive: Autoblog talks to Saab NA President and COO Tim Colbeck after his first day

    "I'm a horrible manager," admits Muller, "but I'm very good at raising money."
    While in Washington D.C. for the 2012 Saab 9-4X launch, we had dinner next to Victor Muller, then spoke to the newly announced captain of Saab's North American ship, Tim Colbeck, who actually fills the dual roles of ...

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    Report: Muller says Saab could sell $10,000 Chinese autos in States

    Saab has been in the news quite a bit lately, and mostly for the wrong reasons. But now that the Swedish automaker appears to have secured loans and buy-in from Hawtai Motors in China, Victor Muller and company are looking to go on the offensive. Automotive News reports that the Spyker CEO is ...

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    Official: Saab sells 30-percent stake to Hawtai

    Swedish automaker Saab has officially confirmed that the company has sold up to a 29.9 percent equity share to Chinese automaker Hawtai Motor Group Company Limited. The €150 million deal includes a €120 million subscription deal for 24.6 million shares of Saab, as well as a €30 ...

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    Volvo denies talk of Saab takeover,
    Muller looking for partner in China

    It looks like Volvo and Saab won't be teaming up to create one Swedish carmaker to rule them all. According to Reuters, Volvo has made it clear that the company has had no talks with Saab about buying the besieged automaker and that none are scheduled to take place. The Swedish newspaper De ...

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    Report: Supplier group says Saab owes millions

    The negative news for Saab continues to spill out, and the latest bit of gossip continues to paint a dark picture for the Swedish automaker. Reuters reports that parts suppliers are looking to collect on "tens of millions of crowns" in unpaid invoices (10M crowns is around $1.58M U.S. ...

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    Report: Saab seeks to reassure about finances

    Last week, Saab ran into production problems when some suppliers stopped shipment of parts due to lack of payment. The news led to speculation that the Swedish automaker was running out of cash. And it didn't help that outgoing Saab CEO Jan-Åke Jonsson seemed to retire unexpectedly as the ...


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