SWEDEN: Government "heavily involved" in Asian Saab electric discussions: source
Reliable sources in Sweden claim the government is "heavily involved" in Asian consortium discussions for Saab that could see the iconic name disappear in favour of electric vehicles.
Receivers in Gothenburg acting for bankrupt Saab are likely to make a decision within the next few days on a bidding short list thought to include Chinese manufacturer Youngman and India's Mahindra & Mahindra but it now appears the waters may be muddied by a third serious consortium with potential involvement by the Swedish government - a situation on which the adminstration declined to comment.
"It [consortium] is a really bad thing for Saab and will be a threat for Youngman and Mahindra," the source told just-auto from Sweden. "They are planning to build electric cars in Trollhattan using the 9-3 as a first car and producing batteries.
"Most likely they will not be branded as Saab [but] they are extremely secret about everything."
The source added Stockholm firm Springtime was heading the public relations drive behind the Asian consortium bid, with one of the communications company's co-owners Birgitta Ed, married to Swedish social security minister Ulf Kristersson.
"The Swedish government are heavily involved [in] this situation, it is for sure," added the Swedish source. "Several meetings [happened] between parties from the consortium, the Japanese government and the Swedish government.
"The government likes [this] kind of environmental electric car which will never fly in the next 15 years. There is no commercial point in this right now. I would not be be surprised if they [Swedish government] put money behind it."
A spokeswoman for the enterprise ministry in Stockholm told just-auto she had no knowledge of any government involvement with a consortium bid and insisted the administration's role was not to play a major part in the process.
"Our role in government is the same as it has been all along - mainly answering questions different interested parties might have regarding the Swedish system when it comes to science and financial support available to the automotive industry," she said.
"We don't make comment on who we need and who don't need."
Springtime in Stockholm was not immediately available for comment.
Former CLEPA CEO, Lars Holmqvist, says he is "convinced" further details surrounding Saab's painful descent into bankruptcy will emerge as previous CEO, Victor Muller launches his EUR3bn lawsuit again...
General Motors and Ford plan a series of launches in volume segments and to improve their reach and service to make a dent in the Indian car market where leader Maruti Suzuki and runner-up Hyundai Mot...
Mahindra & Mahindra, maker of utility vehicles, tractors, SUVs and owner of Ssangyong, is opening a technical centre near Detroit to supply engineering services to the huge US car industry....
Automakers in India have welcomed the INR5 (US$0.09) increase in the price of diesel to INR46.95 from INR41.32 a litre....
Volkswagen is considering a compact model for India to take advantage of lower tax rates on sub-4m cars, according to the Economic Times....
- COMMENT: The diminution of Fiat
- COMMENT: BMW & Mercedes battle over self parking
- Q&A: Volvo XC90 chief engineer Håkan Ivarsson
- RESEARCH SNAPSHOT: Review of front-end modules
- COMMENT: No wizards needed at US$100 a barrel
- Arrested Toyota executive quits
- UK auto sector delivering on growth
- JUST THE FACTS: 2016 Audi A4 first look
- Infrastructure and logistics make Brazil costly
- "Levelling off" continues in China's car market
- Global light vehicle safety systems market- forecasts to 2029
- Magna International Inc. (MG) - Financial and Strategic SWOT Analysis Review
- Global light vehicle OE connectivity market- forecasts to 2029
- Global electric light vehicles market- forecasts to 2018
- Global light vehicle instrumentation and cockpits market- forecasts to 2029