A positive position for Saab automobile as IAC finds Saab’s proposal acceptable


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Tuesday, 21 June 2011
One of Saab’s proposals to provide a 10 percent payment to its suppliers so that supplies could flow and production resumes has been positively received by IAC, one of Saab's many suppliers.
This follow intense negotiation being carried out by Saab and its sub contractors in the past days.
“I think it's important that you come to a point where you communicate with its suppliers and creditors. It is a step forward. I welcome the clarity. Previously it has been a bit unclear, and it creates an uncertainty on the supply side. I think you saw it in the earlier effort to restart production. This time it's well-planned, says Marcus Nyman, CEO of IAC Group Sweden.


He has not yet provided any definitive answer to Saab, but he does not see many alternatives to Saab's proposal.
The approach that Saab designed means, except that 10 percent of the debt would be paid back at the start of production and the rest in the autumn. As from that time providers would get paid immediately for the components supplied in the future.

IAC expects to provide information to Saab during the day. Today, the parties will discuss the practicalities of resuming production.
Saab’s car production stopped two weeks ago after it resumed production from previous stop that saw the plant close down for more than a month. The stoppage was blamed on lack parts which subcontractors held them back in protest for non payment for their products. 
By Team

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