The Turgid Corpse Of Saab Refuses To Go Gently

By Blake Z. Rong | May 24, 2012
Like a sparkly vampire or an 80s TV show, the mummified corpse of Saab continues to agitate upon our collective conscious. In this episode of Saab's Greek tragedy, a Swedish consortium that develops electric cars is interested in scooping the remaining chunks of meat off Saab's bones. National Electric Vehicle Sweden is now trying to buy the remaining assets, and wrestle Saab from the clutches of—who owns Saab now, anyway? The Chinese? Nope, Youngman dropped out after much turmoil itself. Saab is still being held by Viktor Muller and Spyker Cars, the only one in the world still feverishly fighting for Saab's survival, as if holding back a deluge all by himself. So who are these guys? Not much is known other than the name, which was approved by Sweden's registration office this week. The company allegedly is supported by a Japanese-Chinese consortium. The former head of Volvo Trucks is spearheading this proposal. Its 500 shares are split almost evenly between an investment firm called Sun Investment, and Mikael Kubu, the President of a law firm based in Gothenburg, Sweden (home of Volvo, incidentally), who will probably swear to you that it's most likely not a tax dodge. Maybe.
“We still don’t know who’s behind it," said Valdemar Lonnroth, a journalist at Trollhattan's city newspaper. "We don’t know if it’s a Chinese or a Japanese company behind this conglomerate. Nobody has really a picture of what kind of resources they have or what their intentions are, besides the fact that they want to produce electric vehicles.” This won't be the first time Saab has run with suspicious benefactors—one of its suitors was Russian businessman Vladimir Antonov, who turned out rather inconveniently to also be a mobster. (Of course in Russia, the two titles are usually one and the same.) Jilted former lover GM is remaining mum on the subject, and hasn't spoken to any entities about licensing their technology upon which Saab depends so heavily. Poor Viktor. All he ever wanted was a dream, for Saab to be brought back from the brink and show the world what Swedish cars could do. Now he has to fend off potentially dodgy investors while dragging the remains of the painful bankruptcy behind him. If it all sounds very melodramatic, then it's not like Muller has a stable company to go back to. Source: Autocar