Sweden’s Debt Enforcement Agency to start a collection process against Saab

Article by Christian A., on August 15, 2011

The Debt Enforcement Agency of Sweden will begin a collection procedure against Saab Automobile on Wednesday. It could freeze the automaker’s assets unless the company pays around $620,000 Tuesday to two suppliers, an official disclosed. Hans Ryberg, a division chief at the state agency, reveals that the collection procedure would include an investigation on the automaker’s bank accounts and probably on other assets.

Norway-based manufacturer of car-seat components, Kongsberg Automotive AB, is one of the two companies that Saab must pay Tuesday to prevent the collection procedure.

Ryberg disclosed that the "big majority" of the money is owed to Kongsberg. Sweden-based consulting firm Infotiv AB is another company that Saab must pay Tuesday. The automaker was forced to stop vehicle production during the late part of March due to a shortage in cash.

Its assembly link hasn’t been operating since the early part of June. The automaker is trying to increase its finances and has announced that it aims to resume operation in a few weeks.

The automaker’s owner, Swedish Automobile NV, has obtained funds last Monday by selling 4 million new shares to GEM Global Yield Fund Ltd. Eric Geers, a spokesman at Saab, said he can’t comment on what the company is going to do regarding the situation with the collection agency.

Topics: sweden, saab

If you liked the article, share on:

Comments

Recommended

What has BMW been up to lately? The company recently announced that they are currently focusing on electrification, and so far, their new architecture will enable “electrification of every model...
by - July 26, 2017
A couple of days ago, Ford came out with their pursuit-rated F-150 Police Responder, and we were quite impressed with what it has to offer. And we are pretty sure...
by - July 26, 2017
Aside from fronting Honda’s annual summer tour, pop rock band OneRepublic was also given an opportunity to customize a 2017 Honda Civic Type R. The car is a one-off and...
by - July 26, 2017
Everyone seems to know that the Alfa Romeo Giulia has been recently experiencing problems. Turns out, the blame goes to Giulia’s software. Reid Bigland, big time executive from Alfa Romeo...
by - July 26, 2017
Romanian automotive media publication cars.ro earlier said that the new Ford Fiesta will no longer be offered in the United States. Robert Stiller, Ford’s vehicle program manager for the B-segment,...
by - July 26, 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