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Saab employees welcome takeover


Saab employees welcome takeover


There were cheers for new chief executive Victor Muller at his presentation to Saab employees, following his company Spyker’s surprise victory in the auction for the Swedish flagship industrial giant.

The Dutchmen said he was delighted by the purchase.

“I think that Saab will be flourishing as an independent company because of the fact that it is a very individual company, it is an individuality business, it is a company that has tremendous strong roots in the Swedish nation.”

Hard-nosed analysts are wondering just how Spyker is going to turn around a loss making company with high costs in a declining market; unions and politicians are willing it to be true.

“Hopefully, it will create more jobs, but it will require a lot of hard work, because the automotive industry, globally, is in a very tough position,” said
Maud Olofsson, Enterprise and Energy Minister.

Spyker is a luxury sports car manufacturer which makes just a few dozen cars each year and there are concerns whether the Dutch company will have the financial muscle to sustain a recovery.

Muller said his first job would be to give back Saab its independence after two decades of General Motors ownership.

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