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saab financial crisis

Saab looks to restart production in 2 weeks

Publicerat fredag 6 maj 2011 kl 10.12

The Swedish automaker Saab could have production lines in operation again within two weeks. Manufacturing has been periodically shut down in recent months as suppliers have withheld new shipments over unpaid invoices.

For the first time since announcing a cash infusion from new Chinese shareholders Hawtai, Saab held negotiations with the suppliers Thursday evening in an effort to get parts deliveries going again. At the same time, a delegation from Hawtai visited the Saab plant in Trollhättan Thursday to oversee production of 15 test cars destined for the Chinese market.

A Saab spokesperson said after the negotiations that production lines could be operating as soon as a week from now, but the company’s negotiating partner, the Vehicle Component Group trade association, said at least two weeks would be needed.

Even while predicting that coming months will be difficult, Saab says it’s optimistic that the company can now work its way out of financial crisis

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