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A Swedish union seeks help from the US president

By FaezClutchless on 21 May 2012

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Many would have already known about Saab's bankruptcy and the following aftermath. After the Swedish company filed for bankruptcy, several companies have made bids for the ailing company's remaining assets.

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They include China's Youngman, and India's Mahindra Mahindra and Tata Motors. And it was also reported that the company has a total debt of around $1500 million.

In the latest twist to the Saab saga, a Swedish workers union, IF Metall, has send a letter to the United States president, Barack Obama, requesting for help in order to save the once proud Swedish marque.

Most people might think that they are requesting for a bailout, like what happened to Chrysler. Instead, they want the United States government to pressure General Motors into releasing access to some of the technology licenses which are necessary to build the Saab 9-4X (pictured above) and the 9-5. By doing so, the Swedish automaker's new owners would be able to build Saabs once again providing salvation for over 4000 of Saab’s former workers.

General Motors has blocked the sale of Saab repeatedly due to these licensing issues. This is because the company fears that Saab's technologies could end up in the hands of a competitor, especially a Chinese rival.

The letter sent to Obama mentioned about this issue. The union wants General Motors to release the basic licenses, and the union assured that Saab will never be a threat to General Motors.

A spokesperson for the union explained that the letter shows the Swedish government and parliament that it is possible to contact the United States president. The US president has not responded to the letter and General Motors has not reacted to it publicly.

other news, europe, sweden, saab and 10 more...

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Written by FaezClutchless
Some say that his blood is actually RON98 petrol and some say that his right foot weighs over 20kg. But all that we know about Faez is that he loves to drive and is a JDM enthusiast.

  • 1
Wongwings May 23 2012 09:28 AM
How come these licenses ended up in the hands of GM instead of Saab? Shouldn't Saab take ownership of these sensitive intellectual property? They were bullied by GM and now they are crying foul, hoping that President BO will come to their aid? I think the Americans are not known to be that altruistic.
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