2009-03-05

Interview with CEO Jonsson

Source: FAZ

FRANKFURT (Dow Jones) - The bankrupt Swedish car manufacturer Saab continues to date despite contrary signals on state aid. The daughter of the financially ailing U.S. company General Motors' need to survive first half a billion euros, said the Saab board chairman Jan Ake Jonsson in an interview with the "Autogazette" on Thursday. The Swedish government had government support for Saab so far rejected.

"Currently we are in intensive talks with our government, as a part of the Saab 28 billion crowns assistance program of the state can get," Jonsson said in the interview. The signals from the government were "very, very positive. We were assured that the government talks with the European Investment Bank wants to lead, so we are lending a higher priority."

Saab but need a partner. Currently the group is in talks with five to six prospects, Jonsson said, without names. For those interested, it is both car manufacturers as well as financial investors.

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