Furthermore, last week the Swedish government initiated seizure at the request of several suppliers. Swedish Automobile CEO Victor Mueller recommends that dealers should keep faith given the fact that he is close to securing bridge funding that will set Saab on a steady course by mid-October. The manufacturer’s plan will take shape after a promised 245 million euro ($352 million) payment is scheduled to arrive from Chinese auto distributor Pang Da Automobile Trade Co in order to restart production, according to Victor Mueller.
"I am working day and night to get this done. I am very confident I will be able to pull it off, but we don't need anyone to throw in the towel now," Victor Muller, Swedish Automobile CEO, was quoted as saying by Automotive News.
Although Mueller is going around the clock to revive the company, a major Saab-exclusive dealer who has sold just one unit since June 1st revealed that he is negotiating with other manufacturers to replace Saab in his dealership."I'd like to sell my Saab franchise, but it has almost no value right now. To go from a top 10 dealer to crickets in the showroom -- it's a sign," the source cites.