Trollhattan, Sweden (AHN) – Production at Saab’s main facility in Sweden remains suspended until an agreement with suppliers is reached.
A spokesman for the company, which is owned by Dutch automaker Spyker Cars, told AFP that production would remain halted while the supply chain issue is resolved. “We have decided that we don’t want to have these stop-and-gos any more. It’s not good,” said Eric Greers.
A shortage of parts forced production to be halted on Tuesday, less than a week after the company resumed making cars. Last week, the company saw its suppliers stop deliveries of parts because of unpaid bills.
The indefinite suspension of production comes even after Victor Muller, chief executive of Spyker and chairman of Saab, dismissed the production stoppage as a “small glitch.”
He nevertheless conceded that the company needed a large investment of funds, which woud hopefully come from Russian banker Vladimir Antonov, a former Spyker chairman who acquired the automaker’s luxury brand unit in February.
Antonov has filed a request with Sweden’s National Debt Office to invest in the company.
Spyker, which bought Saab from General Motors last year, said last week that issues about payments and supply terms would be resolved. It assured that Saab “has sufficient means to meet its immediate liquidity needs from existing and available sources.”
Saab Automobile was a unit of Swedish aircraft maker Saab before it was owned by GM. The automaker is scheduled to begin selling vehicles in Russia and in China late this year. It is hoping a request from Russian banker Vladimir Antonov with Sweden’s National Debt Office about an investment is approved so it can solve its financial issues.
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April 7th, 2011
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