New companies are threatening to bankrupt Saab


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Wednesday, 10 August 2011
Three foreign companies are preparing to drag Saab into bankruptcy, according to reports from the Swedish newspaper, Svenska Dagbladet.

Companies in Spain and Germany are the leading trail of firms that want to put Saab in bankruptcy so that they can get their money, according to Lars Holmqvist, CEO of CLEPA, the European Organisation for subcontractors.


Recently Swedish Swepart requested Saab to declare bankrupt, but withdrew the application after a deal was reached with Saab. Now these three European companies are preparing to repeat the process all over again, reports Svenska Dagbladet.

"There are vendors outside of Sweden that have initiated the process to put Saab in bankruptcy, "says Lars Holmqvist to the paper.
"I know that two of the companies tried to effect sue Saab on Monday, but they could not find the right people."

The process began as early as Monday, but then  there were no right people at Saab available.
Saab's communications director Eric Geers told SvD that a meeting with the Spanish supplier Matrici S. Coop is planned later in the week. Other users have applied in the V´┐Żnersborg.
By Team

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