Cars
Ailing Swedish car manufacturer Saab will not be producing new vehicles for at least two more weeks until it resolves the problems with its suppliers, the company said on Monday.
- Saab Denies Reports That It Is Seeking Court Protection - For Now
As the days go by without a viable solution to Saab's worsening financial problems, the closer the company gets to its breaking point. Today, Sweden's public radio (Sveriges Radio) ran a report citing unnamed sources that said Saab's parent...
- Saab Worker's Unions May Force Company Into Bankruptcy State
Apparently, it’s not just suppliers who are demanding to either be paid by cash-strapped Saab or seize its assets. IF Metall and Unionen, the two biggest worker unions of Saab Automobile, have stated they will most likely request a court order...
- Saab Temporarily Suspends Production Again While It Seeks Parts
The on-off production drama over at Saab’s Trollhättan facility in Sweden continues as the troubled automaker said Wednesday that it temporarily halted production due to a lack of components from its suppliers only two weeks after resuming...
- Saab Returns From The Dead…again, Restarts Production At Its Trollhättan Factory
Saab is back in the business of making cars again -at least for now- almost two months after production came to a halt on April 6 when the company’s suppliers stopped deliveries of parts in protest over unpaid bills. The Swedish company was able...
- Saved By Antonov: Saab Sells Production Facilities To Russian Banker To Get Cash
The Swedish government offered Saab conditional backing for a deal to free up cash for the company (see previous story here), whose production lines have been stopped for two weeks as Saab didn't pay suppliers. "We have decided to allow the...
Cars
Saab Production on Hold for at least Two More Weeks
Ailing Swedish car manufacturer Saab will not be producing new vehicles for at least two more weeks until it resolves the problems with its suppliers, the company said on Monday.
"There will be no normal production during weeks 25 and 26 (June 20th-July 3rd)," Saab spokeswoman Gunilla Gustavs told Reuters. "We are still negotiating with all suppliers and we need to get everyone on board at the same time. The weeks of 27-29 (July 4th-24th) are planned to be normal working weeks".
Read more »- Saab Denies Reports That It Is Seeking Court Protection - For Now
As the days go by without a viable solution to Saab's worsening financial problems, the closer the company gets to its breaking point. Today, Sweden's public radio (Sveriges Radio) ran a report citing unnamed sources that said Saab's parent...
- Saab Worker's Unions May Force Company Into Bankruptcy State
Apparently, it’s not just suppliers who are demanding to either be paid by cash-strapped Saab or seize its assets. IF Metall and Unionen, the two biggest worker unions of Saab Automobile, have stated they will most likely request a court order...
- Saab Temporarily Suspends Production Again While It Seeks Parts
The on-off production drama over at Saab’s Trollhättan facility in Sweden continues as the troubled automaker said Wednesday that it temporarily halted production due to a lack of components from its suppliers only two weeks after resuming...
- Saab Returns From The Dead…again, Restarts Production At Its Trollhättan Factory
Saab is back in the business of making cars again -at least for now- almost two months after production came to a halt on April 6 when the company’s suppliers stopped deliveries of parts in protest over unpaid bills. The Swedish company was able...
- Saved By Antonov: Saab Sells Production Facilities To Russian Banker To Get Cash
The Swedish government offered Saab conditional backing for a deal to free up cash for the company (see previous story here), whose production lines have been stopped for two weeks as Saab didn't pay suppliers. "We have decided to allow the...