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  1. AX lover 12 april 2011 17:03
    Persbericht van 30 maart 2011:
    Saab Automobile has sufficient means to meet its immediate liquidity needs from existing and available sources.

    Persbericht van 12 april 2011:
    Saab Automobile AB (Saab Automobile) continues to work on its short and medium term funding.
    ...
    The additional liquidity that Spyker and Saab Automobile expect to secure is required to start up production, realise Saab Automobile’s business plan during 2011


    Het kan hard gaan in 2 weken tijd!
  2. [verwijderd] 12 april 2011 17:07
    En die man vertrouw je vele miljoenen toe, gaat toch nergens meer over. Je kunt je ook afvragen wie er nog gek genoeg is om nu een Saab te bestellen. Geen 80.000 man denk ik zo.
  3. [verwijderd] 12 april 2011 17:57
    Saab dust off deals in tempting spring clean

    Saab have lined up a raft of finance plans to welcome in the spring.

    Available until 4 July, customers will be able to take advantage of 0% interest and free servicing as part of affordable Personal Contract Purchase (PCP) schemes and reduced contract hire agreements.

    Craig Gentleman, Saab GB General Manager of Sales, said: “Renewed confidence in the Saab brand and improving residual values have enabled us to sharpen our customer finance offers.

    etc.
    www.fleetdirectory.co.uk/fleet-news/i...

    Saab heeft zeker geld teveel ;-)

  4. diederique 12 april 2011 20:36
    .....Amid speculation that Saab is on the verge of collapse, the firm sought to play down fears in its statement on Tuesday, describing the situation as a "short-term liquidity crunch"........

    www.thelocal.se/33160/20110412/

    als Victor er echt vertrouwen in heeft dan gewoon een borgtocht van een paar miljoen afgeven, toch?

    Antonov wordt m.i. DGA...
  5. AX lover 12 april 2011 21:22
    Struggling Spyker, Saab face few options

    AMSTERDAM/STOCKHOLM, April 12 (Reuters) - Loss-making Dutch
    car maker Spyker (SPYKR.AS) said production of Saab cars has
    been put on hold until it has enough cash to pay suppliers, as
    it struggles to save the ailing Swedish brand.


    CAN SPYKER STAVE OFF COLLAPSE?
    That will depend on how quickly it can arrange funds to pay
    its most immediate bills. The options include:

    * Additional bank loans. Spyker said it is in talks with
    U.S. and European banks for a new 500 million euro ($723.4
    million) loan which would repay an existing EIB loan for 400
    million euros and provide additional funds. Russian businessman
    Vladimir Antonov's banks are also willing to lend to Spyker, but
    the amount would be less than 400 million euros. In theory, a
    bridging loan or short-term credit facility should be the
    fastest way to borrow.

    * Sale and leaseback of Saab's real estate assets, which
    were valued at 248.4 million euros according to the 2010 annual
    report, possibly to Antonov or to another financial institution.
    This requires approval of the Swedish National Debt Office (NDO)
    which could take some time.

    * A new strategic shareholder. According to Spyker's 2010
    annual report, as of March 31, 2011, Chief Executive Victor
    Muller owns 25-30 percent, Abu Dhabi's Mubadala Development Co.
    has 15-20 percent, Gemini Investment Fund has 5-10 percent, and
    Brendan O'Toole has 5-10 percent.

    Antonov wants to return as a shareholder, and could pump in
    new funds if Spyker issued new shares to him, diluting other
    shareholders. But longer term the group needs to find a new
    strategic investor with deep pockets who can provide not just
    funding but also technical expertise, or access to new markets.

    AEK analyst Martin Crum said he was confident Spyker could
    overcome its short-term liquidity problems and that it would not
    collapse because there were so many interested stakeholders
    involved -- including the Swedish government, shareholders who
    want to keep Spyker afloat, and suppliers who have a long-term
    interest in Saab's survival.

    "Time is the big negative, this has to be dealt with
    swiftly," he said. "Muller is of course a brilliant dealmaker.
    We have seen that in the recent past and you have to give the
    man some credit. If somebody can do it, he can," said Crum.

    WHAT HAPPENS IF SPYKER CAN'T MUSTER THE MONEY QUICKLY?
    Under Swedish law, a company or its creditors can apply for
    bankruptcy proceedings to be opened at a district court for the
    region where the company is based, which in Saab's case would be
    the small district court in Vanersborg in south-west Sweden.

    Once the application is registered, the court decides how to
    proceed and appoints an administrator to settle the debts.

    An alternative, which has already been employed once by
    Saab, is to place the company into a process of corporate
    restructuring.

    Under this process, which Saab entered in 2009 after GM made
    clear its intention to cease funding the company and exited
    later that year, the company is granted temporary protection
    from creditors while a court-appointed administrator together
    with management seeks to restructure it into a viable business.

    WHO MIGHT RESCUE SAAB/SPYKER IF IT COLLAPSES?
    Amsterdam-listed Spyker has a stock market value of about
    $100 million. Aside from private equity funds which might see
    the company as a turnaround candidate, the more obvious
    potential buyers are the same names that expressed an interest a
    year ago when Spyker bought Saab from GM for $400 million.
    China's state-run Beijing Automotive Industry Holding Co or
    BAIC -- the country's fifth-largest auto maker, which harbours
    global ambitions -- and Swedish luxury sports car maker
    Koenigsegg Automotive AB, both expressed interest more than a
    year ago.
    China's Zhejiang Geely, the parent of Hong Kong-listed Geely
    Automobile Holdings (0175.HK), bought Saab's long-time Swedish
    rival Volvo Car Corp from Ford Motor Co. (F.N) for $1.3 billion
    in cash and a $200 million note issued to Ford.[ID:nTOE67103B]
    This time around, they may be able to pick up the Swedish
    car maker more cheaply, because analysts said Saab is in a worse
    position now, given that the 9-5 series has been launched, and
    so there is no longer suspense over its commercial prospects.
    There is no sign that Sweden's powerful Wallenberg business
    family would step in to purchase or aid Saab.
    As the key stakeholder in the Saab-Scania group, which for
    nearly three decades until the mid-1990s housed truck maker
    Scania (SCVb.ST), defence firm Saab (SAABb.ST) and Saab
    Automobile, the family's investment vehicle supported the sale
    of Saab to General Motors.
    The carmaker struggled to sustain profitability also during
    the Saab-Scania era, according to Scania's long-time Chief
    Executive Leif Ostling, and when Saab faced closure as GM
    prepared to pull out, the Wallenberg's holding company Investor
    AB (INVEb.ST) was not among the bidders.
    ($1=.6912 Euro)
    (Reporting by Sara Webb and Aaron Gray-Block in Amsterdam,
    Niklas Pollard in Stockholm, and Helen Massy Beresford in Paris;
    Editing by Jon Loades-Carter)
    www.reuters.com/article/2011/04/12/sp...
  6. [verwijderd] 12 april 2011 21:54
    Saab subcontractors affected
    Published April 12, 2011 20:31 Updated April 12, 2011 21:06

    The problem for Saab infects now off to the subcontractors. Several have already been forced to cancel the agency staff. The halt in production at Saab in Trollhattan will be at least a week.

    The halt in production at Saab Automobile in Trollhättan now leads to strained subcontractors are forced to cut down. Agency workers have already quit and lay offs and terminations of its own staff are planned in several areas, said SVT's New West .

    Some 80 people have in recent days been released from IAC 's factories in Färgelanda , Skara and Gothenburg to the Saab can not pay for itself.

    No new information about when the Saab can get the money or to start production again came during the day. Spyker's shares plummeted by over four percent. Even with new money, it can take up to one week before the car making is up again.

    Negotiations on Saab's economy is complicated by a long list of players to consider. Including Vladimir Antonov, the Russian financier, who want to become part owner of Saab.

    - He does not negotiate yourself, but representatives of him doing it, "says Lars Carlstrom , Antonov Swedish spokesman.

    Antonov ar just nu i Sydamerika .

    The clearly stated goal for the Russians is to become part owner of Saab, but it does not rule out that he also would consider a short term solution, according to Carlstrom. The authorities now accept him as the owner, says Carlstrom, although he has "no official document on it yet."

    Of course, he is an optimist, and anticipate that all the Antonov perspective is solved "the next few days, or days."
  7. [verwijderd] 12 april 2011 22:01
    Saving Saab: Property Sales Grants New Lease On Life?
    By Edward Niedermeyer on April 11, 2011

    Saab ended last week with “no solution in sight,” but after a busy weekend it seems that the Swedish brand has found a way to keep rage, raging against the dying of the light. Bloomberg reports that

    The Swedish government has agreed to let Saab free up collateral now used to back the EIB loan, of which Saab so far has drawn 217 million euros, the people said. The freed-up collateral allows Saab to sell property to Antonov’s company. The property to be sold would include at least parts of Saab’s factory in Trollhaettan in southwestern Sweden, where the carmaker is based.

    Saab (technically still called Spyker Cars) also recently sold its Spyker sportscar business to Antonov who continues to be the only major investor involved in Saab and its ongoing rescue. And though Antonov continues to be happy to pour his money into the firm, it’s not as simple as just writing a check: Antonov keeps offering support and governments keep shooting them down. Where’s the private capital love?

    While Sweden hasn’t let Antonov inevst directly in Saab-Spyker (soon to be called “Swedish Automobile”), his latest rescue attempt was blocked by the Lithuanian government which regulates Antonov’s Bankas Snoras bank, which was in talks to provide emergency financing to Saab-Spyker. Talks with an Antonov-owned Latvian bank, Latvijas Krajbanka, also seem to have failed, although it’s not clear if government regulators were to blame, as was the case with Bankas Snoras.

    So, thanks to the Swedish government’s willingness to release collateral (an interesting move, considering Saab’s uncertain state), Antonov will buy portions of Saab’s facilities and lease them back to the firm. Because Antonov’s stake in Saab will be limited to 30%, this is another way to inject cash into Saab without taking a further equity position, but it’s not clear how it really improves Saab’s position. If anything, it simply hollows out the firm even further, leaving less to “save” (although the Saaabsunited guys point out that lease-backs are quite common in Sweden).

    Once upon a time, the Saab-Spyker experience was seen as a scrappy, if somewhat overabmitious attempt to create a niche automaking empire…. after a year of independence, Saab’s sales are sinking and suppliers are demanding cash. The question now isn’t about Saab’s ability to claw its way back, but about Vladimir Antonov’s desire to keep the firm afloat. Antonov’s chances of making money from his investment in Saab have fallen to just about nil, and yet he continues to pour money into the firm. Why? Does he have a soft spot for underdogs? Is he deluding himself about Saab’s chances? Or is this simply a vanity project? Or is there a hidden reason for his continued support? What makes this mystery even more compelling is the fact that, without Antonov, Saab is dead on arrival. So what’s his game?
  8. AX lover 13 april 2011 00:33
    Zie altijd graag van welke site iets afkomstig is :D Kan ik ook direct inschatten hoe betrouwbaar het is en wat hun bronnen waren. Ook kan je dan de complete context nog ff checken.
  9. [verwijderd] 13 april 2011 08:26
    AMSTERDAM (Dow Jones)--Saab Automobile, onderdeel van Spyker Cars nv (SPYKR.AE), vreest in Nederland niet aan zijn verplichting kunnen te voldoen om bestelde auto's binnen vier tot zes weken te leveren, vanwege de productiestop in de Zweedse fabriek van het automerk.

    Dat heeft Kees van den Berg, algemeen directeur van Saab Nederland, dinsdag gezegd, meldt het Financieele Dagblad woensdag.

    Als de levertijd niet wordt nagekomen, heeft de koper het recht de overeenkomst te ontbinden.

    De productie van Saab in Zweden ligt al ruim een week stil, omdat het bedrijf leveranciers van onderdelen niet kan betalen. Moederbedrijf Spyker hoopt vandaag met mededelingen over aanvullende financiering te komen.

    Door Eelco Hiltermann; Dow Jones Nieuwsdienst; +31-20-5715200; eelco.hiltermann@dowjones.com

    (END) Dow Jones Newswires

    April 13, 2011 02:17 ET (06:17 GMT)

    Copyright (c) 2011 Dow Jones & Company, Inc.
  10. s.lin 13 april 2011 10:14
    Gesprekken financiele oplossing Saab verlopen moeizaam - media
    Gepubliceerd: 10:08
    AMSTERDAM (Dow Jones)--Het Zweedse National Debt Office (NDO) vordert traag met een potentiele deal die de liquiditeitscrisis bij Saab Automobile, onderdeel van Spyker Cars nv (SPYKR.AE), op moet lossen, meldt de Zweedse krant Dagens Industri woensdag op basis van anonieme bronnen.

    Spyker stelde dinsdag in gesprek te zijn met een aantal partijen over een mogelijke verkoop en terughuur van Saabs vastgoedposities. Een dergelijke overeenkomst moet worden goedgekeurd door de NDO, die een lening garandeert van de Europese Investeringsbank aan Saab.

    De NDO heeft eerder aangegeven een deel van het onderpand van de lening vrij te kunnen geven. Volgens de Dagens Industri loopt de NDO nu vast bij de vraag hoeveel onderpand er is vereist, aangezien Saabs financieringsgat mogelijk groter is dan geraamd.

    Dow Jones Nieuwsdienst; +31-20-5715200; amsterdam@dowjones.com

  11. [verwijderd] 13 april 2011 10:17
    STOCKHOLM (Dow Jones)--Leverancier van auto-onderdelen International Automotive Components (IAC) meldt woensdag 55 tijdelijke werknemers te hebben ontslagen vanwege de productiestop bij Saab Automobile, onderdeel van Spyker Cars nv (SPYKR.AE).

    "De productiestop deze week bij Saab heeft een grote impact op ons gehad en heeft ons gedwongen ons personeelsbestand aan te passen", zegt chief executive Marcus Nyman van IAC tegen Dow Jones Newswires.

    Saab zorgt voor ongeveer 15-20% van IAC's omzet, die volgens de website van het bedrijf in 2010 $3,7 miljard bedroeg. Ongeveer 150 van de circa 1.300 werknemers van IAC in Zweden zijn direct gerelateerd aan de productie van Saab-onderdelen.

    IAC, dat zetelt in Luxemburg, is na voormalig eigenaar General Motors Co. (GM) de grootste leverancier van onderdelen aan Saab.

    Volgens de Zweedse organisatie van leveranciers FKG is IAC niet de enige leverancier die zijn personeelsbestand aanpast door de problemen bij Saab.

    Maandag gaf Saab aan dat de productie onderbroken blijft tot het liquiditeitsprobleem is opgelost. Nyman van IAC zegt woensdag in nauw contact te staan met Saab en te verwachten dat de productie eind deze week weer wordt opgestart.

    "We werken onder de aanname dat de productie eind deze week zal worden hervat. Als Saab dit liquiditeitsprobleem niet oplost, moeten we onze structuur opnieuw herzien, maar daar wil ik niet over speculeren", aldus Nyman.

    Saab heeft snel geld nodig om leveranciers te betalen en de productie weer op te kunnen starten.

    Moederbedrijf Spyker stelde dinsdag in gesprek te zijn met een aantal partijen over een mogelijke verkoop en terughuur van Saabs vastgoedposities. Een dergelijke overeenkomst moet echter eerst worden goedgekeurd door de Zweedse National Debt Office, die een lening garandeert van de Europese Investeringsbank aan Saab.

    Door Christina Zander; Dow Jones Nieuwsdienst; +31-20-5715200; amsterdam@dowjones.com

    (END) Dow Jones Newswires

    April 13, 2011 04:15 ET (08:15 GMT)

    Copyright (c) 2011 Dow Jones & Company, Inc.
  12. [verwijderd] 13 april 2011 10:24
    Gesprekken financiele oplossing Saab verlopen moeizaam - media

    AMSTERDAM (Dow Jones)--Het Zweedse National Debt Office (NDO) vordert traag met een potentiele deal die de liquiditeitscrisis bij Saab Automobile, onderdeel van Spyker Cars nv (SPYKR.AE), op moet lossen, meldt de Zweedse krant Dagens Industri woensdag op basis van anonieme bronnen.

    Spyker stelde dinsdag in gesprek te zijn met een aantal partijen over een mogelijke verkoop en terughuur van Saabs vastgoedposities. Een dergelijke overeenkomst moet worden goedgekeurd door de NDO, die een lening garandeert van de Europese Investeringsbank aan Saab.

    De NDO heeft eerder aangegeven een deel van het onderpand van de lening vrij te kunnen geven. Volgens de Dagens Industri loopt de NDO nu vast bij de vraag hoeveel onderpand er is vereist, aangezien Saabs financieringsgat mogelijk groter is dan geraamd.

    Dow Jones Nieuwsdienst; +31-20-5715200; amsterdam@dowjones.com



    (END) Dow Jones Newswires

    April 13, 2011 04:06 ET (08:06 GMT)

    Copyright (c) 2011 Dow Jones & Company, Inc.

    *Binck is niet aansprakelijk voor informatie verschaft door derden
  13. AX lover 13 april 2011 11:53
    Het brokkelt steeds meer af?

    Wel goed om te zien dat de Zweedse overheid zich niet onder druk laat zetten door Muller/Antonov.
  14. AX lover 13 april 2011 13:01
    Doordat alle toeleveranciers het beu zijn om te "wachten" en er niet meer op rekenen dat Saab weer snel gaat produceren zal het alleen maar langer duren om de boel weer op te starten.

    Uiteindelijk zullen ze wel weer gaan leveren, maar ik kan me zo voorstellen dat onderdelen aan Saab op dit moment niet de hoogste prioriteit heeft. Elke dag dat dit langer duurt zal er voor zorgen dat het na-ijleffect alleen maar groter wordt.

    Zo'n just-in-time supplychain weer opstarten gaat veel tijd kosten.
  15. AX lover 13 april 2011 13:08
    Morgen ligt de boel ook nog stil in ieder geval.

    quote:

    schreef:

    The staff may be left at home

    Updated: 10:41 pm (published at 10:22)
    During the morning had the staff at Saab told that they should stay home tomorrow too. There has been a production stoppage at the plant in a week, while Saab is struggling to solve its economic problems.

    During the morning, a few thousand employee of the assembly on the Saab waiting to hear whether they will come to work tomorrow.
    Not so surprising was the call from the supervisor that they can stay home another day.
    How it gets to Friday, it is still anybody's guess, tomorrow awaits a new vigil by the phone.
    And not only on the Saab production is stopped. In Lear in Trollhättan is the only place that makes seats for Pininfarina.
    And in Purtech in Ed with 100 employees, which makes foam for seats, as is done by those who produce for Saab to work with another. About a quarter of Purtechs production goes to the Saab.
    While Lars Carlstrom, who represents the Russian banker Vladimir Antonov in Sweden, for P4 the West that it should get a notice of Saab's funding during the day.
    Negotiations are underway in Sweden and Holland and there are some practical details that remain to be resolved.
    sverigesradio.se/sida/artikel.aspx?pr...
  16. [verwijderd] 13 april 2011 13:54
    Supplier group sees Saab debts at hundreds of mlns
    STOCKHOLM, April 13 | Wed Apr 13, 2011 7:39am EDT

    (Reuters) - The debts to suppliers incurred by troubled Swedish car maker Saab are likely to be in the range of several hundred million crowns, the FKG group representing suppliers to the car industry said on Wednesday.

    The group had last week estimated the debts at the carmaker, owned by Dutch group Spyker (SPYKR.AS), at tens of millions of crowns, but FKG chief executive Svenake Berglie said that was only taking into account the Swedish suppliers.

    "If you add in the foreign companies, which are the majority, then it is definitely several hundred million," Berglie told Reuters.

    He said suppliers were worried by events at Saab and some were planning for a worst-case scenario. "I think that there are plans for redundancies (at suppliers)," he added.

    Spyker has said it is trying to solve a liquidity crunch at Saab, but the plant has had a production halt for almost two weeks now. (Reporting by Johan Ahlander; Writing by Patrick Lannin; Editing by Erica Billingham)

    www.reuters.com/article/2011/04/13/sa...
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