It's no surprise today's (23 May) news that Saab intends to pick up its tools again later this week, has been met with a somewhat resigned air by major Scandinavian automotive suppliers body FKG.

The FKG isn't exactly dancing in the streets of Trollhattan just yet - having had its fingers burned previously with the Swedish automaker it is still owed hundreds of millions of Swedish Krone.

FKG chief Sven-Ake Berglie also expressed a certain weariness not to say wariness today to just-auto concerning Saab CEO Victor Muller's latest Chinese venture - a tie-up with Pang Da that could see an initial batch of 1,300 models produced for the distributor.

"To be very frank, I have stopped reading about all different kinds of changes in their [Saab] agreement," said Berglie from Sweden. "I am just waiting for the very concrete statement by Saab because we can't follow everything Mr [Victor] Muller is doing - it's impossible."

It appears Pang Da is mulling the injection of a further EUR15m (US$21m) on top of the EUR30m already banked by Saab. However, a planned subsequent payment of EUR65m for a 24% equity stake in Spyker at EUR4.19 per share, will require approval from Chinese authorities, something that does not appear to be an easy process.

The ever-ebullient Muller issued a typically confident statement this morning however: "Based on our discussions with Pang Da we are confident that Pang Da will get the regulatory approvals needed to formalise the deal," he said.

Well, Muller was confident about securing the previous Hawtai deal too, so the discussions now taking place with the Chinese National Development and Reform Commission will have to yield some pretty concrete details before the FKG is celebrating.

Despite the scepticism, it does appear that with Pang Da putting its money where its mouth is, there is a glimmer of light at the end of the tunnel for embattled Saab.

Main union IF Metall too gave a cautious welcome for any production restart, although added a telling 'if.'

"It will be very good if this will happen now," an IF Metall spokesman told just-auto Sweden from where nigh-on 1,000 union members have been at home for some considerable time now.

It seems Muller has been touring China in a bid to compensate for the staggeringly complicated series of talks that have been going on with the European Investment Bank, Swedish National Debt Office and the Swedish government.

Will Pang Da prove to be the white knight that allows Saab to find enough alternative finance?

As the FKG boss noted too however to just-auto: "Every firm and consistent action taken by Saab is registered - all the other things we don't bother."

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