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sale to china

"No reason to stop Saab reorganisation"

Published onsdag 9 november 2011 kl 12.02
Guy Lofalk. Photo: Scanpix

The man in charge of Saab's reorganisation says that despite General Motors statement against the sale to China, there is still reason to press on with trying to save the car company.

Guy Lofalk is appointed by the court to oversee Saab's reorganisation: a state-funded process that also protects Saab from bankruptcy.

He says to Swedish Radio News that the two Chinese firms that want to buy Saab are putting plenty of money into the reorganisation. But that the main task is now to get General Motors to change its mind. The US car maker used to own Saab, and will not allow a new Chinese owner to use technology developed during GM's time in charge.

Mr Lofalk says, however, that the situation is very serious.

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