Saab to meet with eight companies who seek payment

Article by Christian Andrei, on July 25, 2011

Eight companies have tasked Sweden's Debt Enforcement Agency to collect debts that are owed to them by Saab Automobile, which was compelled to stop operations last April due to a cash shortage. Last Monday, Christina Lindberg, a case worker at the agency, said that the collection process will begin in a few days.

The enforcement agency has provided a document that revealed that Kongsberg Automotive AB, a company based in Norway that makes car-seat parts, is one of the companies that have assigned this task to the agency.

Lindberg said that she doesn’t know exactly how much Saab owes. Saab said last week that it will start to negotiate payment and delivery terms with suppliers.

It seeks to resume production in the week of Aug. 29. Eric Geers, a Saab spokesman, said that talks with suppliers “have come far” so that the matter would be resolved quickly.

Another supplier, SwePart Verktyg, last week filed a motion with the Swedish district court for Saab's tools unit to be placed into bankruptcy after it had failed to pay its debt.

Saab said that the issue was resolved by entering a payment deal with the company. Lindberg said that a total of 104 debts from Saab were registered with the collection agency as several of the companies filed more than one debt claim.

Topics: saab

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Hyundai is making the green vehicle race more competitive by offering three powertrain types -- pure electric (EV), hybrid (EV plus combustion engine) and plug-in hybrid (PHEV) – in one...
by - December 9, 2016
Although specs for the new Renault Megane had already surfaced several weeks ago, we didn’t know that the company has cooked up something new. Aside from the 200hp gasoline, Renault‘s...
by - December 9, 2016
For the first time in fifty-eight years, Infiniti registers its first US-Spec Q60 Coupe in Cuba. American products have not been allowed entry into Cuba for six decades. But it...
by - December 9, 2016
Chevrolet has already given out the pricing for some of its 2018 Equinox models. Not only will the new Equinox be available in both the US and Canada, it is...
by - December 9, 2016
Nearly all details have been set with regards to the upcoming market introduction of the new Jaguar I-Pace. Its production version was recently previewed at the 2016 Los Angeles Auto...
by - December 8, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries