Companies/People always do big, potentially controversial news releases on a Friday. The exceptions are those who have to do them on the day the news is relevant (e.g. Saab’s bankruptcy on a Monday last year).
Perhaps today we’ll hear what many have ‘known’ for a few weeks now – that Saab will indeed be sold to National Electric Vehicle Sweden. That link, by the way, is to all the stuff I wrote last time we believed an announcement was imminent. Everything there is still relevant today, with a few more points of curiosity added.
- Who are NEVS exactly and what do they plan to do with Saab?
- What product will come first, and when?
- Given the blowtorch that was applied to both Koenigsegg Group and Spyker during their proposed and actual ownership periods, will the Swedish press subject NEVS to the same damning attention with regard to their plans and their finances?
- Will the press also blowtorch the administrators to find out why what is understood to be a smaller offer from NEVS was given preference over a substantially larger offer from Youngman (and presumably, Mahindra too) when the administrators’ job is to get the best return for creditors?
- If it isn’t part of the sale package, then what will happen with Saab parts?
I don’t know for sure whether or not the announcement will be made today, but it’ll be interesting to see if it is, and if so, what they say.
I remain sceptical about an all-electric car company (even an electric/hybrid car company) being based in Sweden but am very open to being convinced that it can work. More than anything, I’m just happy that friends in Trollhattan will have something ambitious and worthwhile to work on.