Saab Negotiations with subcontractors under way as production expected to resume soon


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Wednesday, 18 May 2011
Saab automobile, the company that has stopped building cars for more the three week today because they came short of money seem to be getting its acts together once more.

Evidence of this is that the company is reported to have started negotiations with the firms that collaborate with the Trollh�ttan Company. It however, remains unclear whether any agreements have already been signed.


“I know that negotiations are ongoing, but I do not know how far you have come, "said Eric Geer, information chief of Saab. Alreay, some money has flowed in to Saab's accounts in recent days.

“Pang Das payment of Eur 30 million came on Tuesday "said Geers. Before that we had Eur30 million through Gemini.

“Then another Eur15 million from Pang Da will be expected within 30 days when they get next car deliveries.

According to Saab’s tax expenditure, payments are already made according to Geers.
It is not enough to agree with some suppliers, because Saab has not yet been supplied all the parts to build cars.
“Some pieces may be able to be retrofitted, but most of it must be included from the start of production, says Sven�ke Berglie, president of the subcontractors' trade association FKG.
By Team

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