Victor Muller is the chairman and CEO of Saab. Yesterday, he personally filed the bankruptcy papers for Saab Automobile (and two subsidiaries). He calls it the blackest day in his career.
After the filing, Muller took to a press room to give a statement and answer reporter's questions. It's a more in-depth and candid look at the business side of things than we normally get to see. Muller talks GM, Youngman, why Sweden's bankruptcy is better than the US version and more. It's 30 minutes of a guy talking about business, but it's a worthwhile watch for anyone interested in learning more about how this business works. And what happens when it doesn't.
(Saabs United via Autoblog)
gregnv says:
11:52 AM, 12/20/11
After watching this, I am hoping Saab gets a new lease on life with Victor Muller's involvement. This may be one of the most candid and forthright news conferences I have ever seen.
I understand GM's reluctance to allow any deal with a Chinese manufacturer that would allow any transfer or sharing of GM's technology or new technologies based on GM technologies (GM competes in China and doesn't want to compete against its own technology or derivatives of its own technology). I hope Saab can secure alternative financing to give this guy a legitimate shot at making it work. His committment and candid nature are refreshing.
cr_driver says:
06:04 PM, 12/20/11
Nothing like the feeling of losing 13 million euros....... oh well!