Saab to meet with eight companies who seek payment

Article by Christian A., 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

Recommended

Imagine a sports car morphing into an SUV. Chevrolet initially revealed the FNR Concept at the previous Shanghai Auto Show in 2015. For this year, Chevy once again graces the...
by - April 22, 2017
From the moment FCA kicked off with its 3-month-long ad campaign until the day it unveiled the new Dodge Challenger SRT Demon, folks have been guessing what the exact figures...
by - April 22, 2017
Some people may think Audi Sport is a new company but it is in fact the motorsport division of Audi combined with the best of what Quattro GmbH can offer....
by - April 21, 2017
It is not a big secret that premium customers in China have a strong penchant for luxury cars with a spacious interior. In particular, premium customers in China purchase luxury...
by - April 21, 2017
Chinese automaker Chery did not leave a good impression last time they were in Australia - due to its cheap design. But this year, Chery showcases its new Tiggo Sport...
by - April 21, 2017
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