Report: Saab must pay its $15 million bill from the government by Sept. 20

Article by Christian Andrei, on September 7, 2010

Saab has to pay $15 million to the government of Sweden by Sept. 20 or Sweden's Vastra Gotaland region will ask the Swedish Enforcement Authority, the public debt collector, to enforce payment.

This bill covers the period when Saab Automobile was under administration and the government of Vastra Gotaland in western Sweden, where Saab's main production plant is located.

The government had to step in to cover wages. Last Monday, Vastra Gotaland Governor Lars Backstrom said that Saab owed it 110.7 million crowns ($15.3 million). Saab and its parent, Dutch group Spyker Cars NV, said that company should only be required to pay part of the amount asked for.

They claim that the debt to the government should have the same treatment as its other debts, which were written down as part of the administration process.

In an interview with Dutch news agency ANP, Spyker CEO Victor Muller said that the case was "much ado about nothing" and Spyker will be fighting the claim.

But he said that the worst-case scenario would be that the company will have to make a provision for the full amount of the claim. [via autonews - sub. required]

Topics: saab, sweden

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