Saab isn't dead yet, former chairman insists

DON'T write Saab off as a name consigned to the history books because the company and its models aren't dead yet.

That's the message former chairman Victor Muller has told the world after most turbulent month in the Swedish firm's history, and suggested that a buyer for the beleaguered company may yet be found.

After personally declaring Saab bankrupt, Mr Muller told national media: “Under the new situation of bankruptcy, perhaps another type of scenario could be conceived, one where perhaps no Chinese parties are involved because that seems to be the sensitive element for General Motors.

"Perhaps Saab can find a new lease of life in a new structure with new ownership."

General Motors, the American automotive giant which owned Saab until 2010, still supplies Sweden with parts and technology for the 9-3 and 9-5 models, and has vetoed interest in the firm from Chinese firms after fearing that GM intellectual property would end up in the wrong hands.

Following the bankrupty declaration Saab's operations have been put under the control of receivers, but Swedish law allows companies that are in bankruptcy to be revived if an investor is found.

Do you own a Saab? Have you been affected? Let us know by sending an email to david.simister@champnews.com or by calling 01704 392404.