Finally, finally, Saab to feel the feel of money as cash drops in its empty purse


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Monday, 09 May 2011
Saab Automobile has now received money from the loan of €30 million, corresponding to approximately SEK 270 million from the Gemini fund, according to Swedish news agency TT.
But it will take time to go round and pay all subcontractors so that the company can start building cars again. The factory is not expected to start running pull in once a week, which the management had hoped, but not before next week.

Wednesday would mark five weeks since production was stopped because the Saab could not pay for supplies.

Saab had more than 5000 cars to supply to customer who have placed their demand although various dealerships have started pulling out of stocking Saab cars.
By Team

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