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Swedish union plea to Obama: ‘help save Saab’

Swedish union IF Metall has written a letter to US president Barack Obama about bankrupt Swedish automaker Saab, hoping for a similar result to the General Motors bailout of 2009.

Swedish union plea to Obama: 'help save Saab'

The letter urges the president to force former Saab owner General Motors to release the technology licenses for any potential buyer for Saab.

The hope is for a similar treatment from Obama as was the case with General Motors in 2009, when the company was saved from bankruptcy thanks to a $50 billion bailout government bailout of GM orchestrated by Obama’s administration.

“Our hope is that you will feel that Saab Automobile is worth being saved. We, more than 4,500 car workers in Sweden, look forward to your answer,” the letter said, according to the TT news agency.

A spokesperson for the union indicated that a start to negotiations is the first goal of the letter.

“We’re doing everything to try and influence GM so the company can at least begin to negotiate,” said Tonnie Andersson, spokesperson for IF Metall, to Sveriges Radio (SR) P4 Väst.

The letter, in which the workers claim to be “frustrated” with the lack of negotiations over a possible purchase of Saab, urges the president to consider the company, the workers, and the Unites States’ previous cooperation with GM.

“The efforts you made a few years ago to save General Motors were exceptional. However, in the process, Saab became badly damaged. After five months we became forced to declare bankruptcy and time has nearly run out,” the letter said.

Saab Automobile filed for bankruptcy in the Swedish courts in December 2011 following the failure of a Chinese consortium to complete a takeover in part due to GM’s unwillingness to release Saab technology licences that are key for producing the Saab 9-4X and Saab 9-5.

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OBAMA

Barack Obama to return to Denmark in September

Former US president Barack Obama will visit Denmark for the second time in 12 months to give a talk in Aalborg at the end of September.

Barack Obama to return to Denmark in September
Former US President Barack Obama in Kolding last year. Photo: Mads Claus Rasmussen / Ritzau Scanpix

Obama’s September 28th stop in North Jutland would have fallen in the same month as the now-postponed official state visit of his successor, Donald Trump, on September 2nd and 3rd.

The 44th president of the United States last came to Denmark in 2018, when he gave a talk for business leaders in Kolding, and also visited while in office.

READ ALSO: Obama uses Denmark speech to warn against 'racial', 'nationalistic' politics

Bill Clinton was the first sitting president to visit Denmark when he visited in 1997. George W. Bush came to the Scandinavian country eight years later in 2005. Obama visited Denmark in 2009 as part of the COP15 climate summit in Copenhagen.

Obama’s latest trip to the country was announced by venue Musikkens Hus in northern city Aalborg, which will play host to the event “A Conversation with President Barack Obama”.

Musikkens Hus CEO Lasse Rich Henningsen, who will act as moderator at the event at which guests will be invited to ask questions, said he was looking forward to the occasion.

“President Obama is one of the people I look up to most in the in the world, so I’m hugely looking forward to meeting him,” Henningsen told Ritzau.

The invitation-only Aalborg event is primarily for business leaders, who will form the majority of the audience along with around two hundred students from Aalborg University.

Tickets will cost invited business leaders between 3,500 and 8,500 kroner, while students will attend for free, Henningsen said.

The Musikkens Hus foundation expects the event to break even, while Obama’s fee is undisclosed, Henningsen said.

The visit will be the first to Aalborg by a former US president.

“I’m in not a second of doubt that this will be a new climax for Aalborg and all of North Jutland,” the city’s lord mayor Thomas Kastrup-Larsen said in a press statement.

“I’m delighted that one of the world’s most prominent people sees potential in visiting Aalborg to share his visions about such topics as leadership and entrepreneurship,” he added.

READ ALSO: Trump baby blimp to fly over Denmark protests

Article updated on August 21st, 2019 to reflect President Trump's postponement of his September 2nd-3rd state visit to Denmark.

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