Victor Muller and his sports car company Spyker missing opportunities to save Saab Automobile. Saab Automobile was sold to Spyker Cars N.V. in 2010 after a deal between Spyker and then-current owner General Motors.
In 2012, Spyker filed a lawsuit against GM asking for US$3 billion in damages after GM had attempted to block the deals between Spyker and Chinese automaker Youngman, who were investing in Saab Automobile. Consequently, Saab was forced to file bankruptcy in 2012. Spyker’s claim was dismissed in June 2013.
During Victor Muller’s time of Saab Automobile company lost a total of $900 million, published in today’s edition of the Swedish daily Dagens Nyheter. This corresponds to approximately $1.3 million per day! (during 22 months)
This was revealed today by Dagens Nyheter (DN) newspaper after reviewing the bankruptcy investigations and in-depth analyzes of Saab and Spyker’s economy. DN’ve read the interviews, records and thousands of e-mails as part of the giant preliminary investigation into Saab management.
The loss in the first year was $432 million. Some financial statements for the second (and last) year was never made because the company went bankrupt in December 2011. But the bankruptcy estate analysis shows that the loss came at just over $467 million, equivalent to almost $60,000 per hour. Saab became insolvent at the beginning of April.
Seven people is facing being charged by a prosecutor for serious economic crimes in Saab Automobile, among them were former Chairman Victor Muller; former Chief Executive Jan Åke Jonsson, head lawyer Kristina Geers, and executives Robert Schuyt and Rosmarie Soderbom. The heaviest part of the massive investigation involving serious racketeering. All of the defendants deny the charges.
The trial of the suspected serious economic crimes in Saab Automobile will begin in late January 2017 at the Vänersborg District Court and is scheduled to continue until March. DN has offered Victor Muller, Jan Ake Jonsson and Kristina Geers to give their views on this case, but they have declined.
However, Victor Muller at this year’s Geneva Motor Show, made a statement about about the fate of Saab:
When Saab went under, it almost dragged Spyker with it,” he told just-auto. “We managed to escape that fate by bringing on board Youngman, the bus maker from China. But they didn’t live up to their commitments, so by the end of 2014 we had really come into heavy weather. We went through what the Americans would call Chapter 11, a moratorium, and that was converted to bankruptcy and I appealed the bankruptcy and I managed to get out, I won – which never happens. It so happens that I am a lawyer by profession.”
It should have been Koenigsegg to the rescue. Swedish ingenuity, eccentricity, stubbornness and an airfield.
I still have hope that Saab (automotive) will rise again.
We had 4 Saabs in our Family . That was a Great time
Long ago, back in 1995.
I personally had some technical connections with the SAAB auto industry.
Record of the sold quantity of SAAB 9000 54,000 pieces.
The SAAB 9.5 model was ready for production at the end of 1995.
In that performance and with then technology.
In that middle class at that time, there was nothing similar on the European market based on technology.
The production of the SAAB 9.5 was delayed by a full 4 years.
It is well known who was behind the production.
Instead of using Swedish tin, someone decided to import Russian tin with a large amount of sulfur and coal dust.
And there is no comparable sheet metal quality for 9000 and 9.5.
It also redirected itself to a Hungarian company for electrical installations.
Chinese wires, problems with electricity.
What did the Chinese do?
They collected all technical documentation and finished developments that were ready for future production of other models.
There may still be 3,000 green SAAB 9000 CSEs in Dubai today.
How was the sale of SAAB 9.3 cabrios that were parked in Norway, where they were sold complete as a package for ridiculous amounts of money
The other ruin SAAB who followed the known situation.
Why was independent production not started when everything was ready.
And with the previous team of workers.
In the end, all models and prototypes were simply destroyed from the factory warehouse.
The 9.5 was equipped with 3.0 t v6 Opel engines that were not adapted for turbos at all.
During my time of cooperation with SAAB, he could write a thick book.
For all the games, someone got their share.
Where are engines with variable head position.
There was still some to be done
improvements.
A few million $ gone down the drain.
Why were the pistons popping out through the engine block 2.3 t.
Their conclusion in Scania, wrong oil gradation, oil filter.
The problem was in the side cover where the rotary gear oil pump is located.
Tomislav rzeczywiście interesujące, z chęcią nawiąże kontakt
Tomislav Perić
Interesting! Please tell us more if you have time.
Also there are not many stories about 9000. I own a 1994 Aero
Yutthaphong von Mittelklasse >
Since 1994, there have been clans in the management of the factory itself.
Weak for advertising to strengthen marketing.
I was not in that group.
My motor engineering department.
I somehow managed to solve the faulty hydraulics problem, now it’s in the past.
GM deliberately went in the direction of shutting down the factory.
That Opel can break through better on the European market.
I can help you if you have a problem with the engine.
You have an engine with balance crankshafts, that’s the professional name.
Or a classic t engine with one chain.
Tomislav z chęcią posłucham o silnikach etc. Widzę że masz ogromną wiedzę
Just remember Victor Muller tried his best to save Saab. He did a lot more than what shit NEVS tried to do. And if it was not for him, the NG 9-5 would never of been made.
Yeah they had to license back their own designs and tech from GM. That deal would kill any carmaker when you have to pay for the engineering twice
My 2011 9-5 Ng nearing 4000000 kilometres soon and didn’t miss a bit.Pass all inspections with flying colours.Car still look very up to date and drives like a dream.6.3 Ltr per 100km is not bad at all. Obviously very well made car.
My 2011 9-5 Ng nearing 4000000 kilometres soon and didn’t miss a bit.Pass all inspections with flying colours.Car still look very up to date and drives like a dream.6.3 Ltr per 100km is not bad at all. Obviously very well made car.