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

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