Princess Victoria’s wedding aroused Swedish indignation

In order to organize what experts in Gotha considers to be the most pageant ceremony since that of Charles to Diana, will be paid 10.4 million euros, of which only some are paid by King Carl XVI Gustaf. Officially, the ceremony costs 2.6 million euros.

The budget covers the ceremony and the celebrations: the transport costs of the 1.100 guests, the welcoming of international press, the buffet, the planning staff and the Royal Palace decoration.

Besides those 2.6 million euros are added other 8 million euros which will be paid by the state, so the taxpayers.

Therefore, the renovation of the Stockholm cathedral and the future palace of the bride, the wedding day security and a two weeks Love Stockholm Festival aroused people’s indignation.

Image source: papermag.com

Will Bernie Ecclestone buy Saab ?

Bernie Ecclestone is behind the offer made by Capital Geniuses fund investment for buying Saab from General Motors.

Rumors say that Spyker negotiates these days with GM for buying Saab, but the Dutch manufacturer had to improve his offer on the moment after a surprise investor appeared.

It seems that fund investment Capital Geniuses declared only a few minutes before the deadline ordered by GM, that they are interested to purchase Saab. Nevertheless, the Swedish press says that behind the offer made by Capital Geniuses is in fact Bernie Ecclestone, the owner of commercial rights of Formula 1.

Capital Geniuses hopes to finalize transaction with American manufacturer as soon as possible : “Saab brand’s value is extraordinary for several auto markets and the company has an innovative image. We will work against aggression to successful close the transaction with relevant company shareholders”.
The Luxembourg people did not offer details about the offer for Saab nor about Ecclestone’s financial participation. On the other side, GM did not confirmed Capital Geniuses offer, but they admitted they received new offers for selling Saab: “All Saab negotiations are confidential and we won’t give details until we have an agreement “.

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Image source: mirror.co.uk; saabsunited.com

New hopes for Saab. Spyker makes a last offer

Shortly after the GM decision to close Saab, the Swedish Government decided to start talking to Americans for salvage the fate of the automaker. Besides that, Spyker made a new offer.

Shortly after the General Motors officials announced they will close Saab, the Swedish Government started discussion with Americans. The Swedish officials realized how important is the lost of Saab and decided to meet this weekend with those from GM, to analyze the fate of the automaker.
Moreover, on Sunday, Spyker, the Dutch manufacturer of niche left alone in the race for buying Saab, announced by a press release that they made a new offer on GM’s address. It’s purpose: the elimination of all the disadvantages which closed on Friday discussion with Americans.
“We made all the possible efforts to respond to all the problems which lead to blocking this deal and ask the GM staff and other parties involved to analyze seriously our new offer. We believe that our offer will remove Saab out of impasse in which is from Friday, followed to conclude with an agreement until 31 of December, the deadline established by the GM staff for buying Saab” said Victor Muller, Skyper president .

In case Americans decision won’t change, closing Saab will have a major impact upon the Swedish national economy : 3,400 of employees who work for the Swedish automaker will lose their jobs. All these employees will sum too the employees of the 1,100 Saab distributors around the globe.

According to the info came from Spyker, the proposal came on the last moment contains eleven important points which remain confidential. Spyker revealed only one of them : for buying Saab, it won’t be necessary a loan from European Investment Bank, so that the agreement to be finished until 31 of December. Obviously, the Saab staff expressed their support for the new proposal.

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Image source: seriouswheels.com; autoblog.com

Hopes for Sweden to Sell Saab

As you’ve probably read in a recent article, Koenigsegg No Longer Wants Saab.Joran Hagglund, state secretary at Sweden’s Industry Ministry, said that “I talked to GM last night and my impression is that they have not given up hope.”Still, no other bidders have emerged for the brand, thus leaving GM with two choices: restart the sale process or to give up the brand.“For every day that passes the challenge gets bigger and bigger,” said Swedish Enterprise Minister Maud Olofsson.Rumor has it that the Chinese automaker BAIC is interested in acquiring Saab. The company stated that they would like to become more international, but specialists say that this unlikely to happen.


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Source: Automotive News

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