Cars
In a sign of the possible problems brewing up at Saab, the Swedish firm was forced to temporarily halt production for a few hours at its plant on Tuesday as well as on Wednesday after component makers cut off deliveries to the factory because they hadn’t been paid.
- 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...
- Update: Saab Subsidiary Resolves Bankruptcy Threat
This just in; only a few hours after it was made known that one of Saab’s suppliers submitted a bankruptcy petition against the automaker’s affiliate company Saab Automobile Tools, the Swedish firm issued a short statement saying that it...
- More Troubles: Supplier Files For Bankruptcy Of Saab’s Tool Division
New troubles are brewing for the never-ending roller-coaster that is Saab. On Friday, one of Saab’s many unpaid suppliers, SwePart Verktyg AB, lost its patience and applied for the Swedish automaker’s Saab Tools subsidiary to be declared...
- Saab Further Delays Production Restart Due To Lack Of Parts
Saab announced today that it is still in discussions with its suppliers over supply and delivery terms in order to restart production at its Trollhattan factory. Yet, as the Swedish automaker tries to secure short-term funds, it isn't able to guarantee...
- 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...
Cars
Saab Temporarily Halts Production After Suppliers Suspend Parts for Not Being Paid
In a sign of the possible problems brewing up at Saab, the Swedish firm was forced to temporarily halt production for a few hours at its plant on Tuesday as well as on Wednesday after component makers cut off deliveries to the factory because they hadn’t been paid.
“Certain suppliers halted supplies to Saab Automobile pending discussions about payments and supply terms,†Spyker said in a statement on Wednesday. “Saab Automobile expects to resolve these issues in the short term, also to prevent any further disruptions in supply. Saab Automobile has sufficient means to meet its immediate liquidity needs from existing and available sources,†the company added.
Read more »- 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...
- Update: Saab Subsidiary Resolves Bankruptcy Threat
This just in; only a few hours after it was made known that one of Saab’s suppliers submitted a bankruptcy petition against the automaker’s affiliate company Saab Automobile Tools, the Swedish firm issued a short statement saying that it...
- More Troubles: Supplier Files For Bankruptcy Of Saab’s Tool Division
New troubles are brewing for the never-ending roller-coaster that is Saab. On Friday, one of Saab’s many unpaid suppliers, SwePart Verktyg AB, lost its patience and applied for the Swedish automaker’s Saab Tools subsidiary to be declared...
- Saab Further Delays Production Restart Due To Lack Of Parts
Saab announced today that it is still in discussions with its suppliers over supply and delivery terms in order to restart production at its Trollhattan factory. Yet, as the Swedish automaker tries to secure short-term funds, it isn't able to guarantee...
- 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...