For Saab workers, pay day comes a month late

Many of the beleagured automaker, Saab's, 3,400 workers in Trollhättan finally received their August salary on Monday, according to news agency TT. It comes nearly a month late. The money is sourced from a government wage guarantee, in effect while the company undergoes restructuring to try to avoid bankruptcy.

Meanwhile, there are doubts that rescue money from Chinese companies Youngman and Pang Da will ever materialize. They are planning to invest more than US $300 million for a 54 percent share in Saab's parent company, Swedish Automobile. But worries about overcapacity and reservations that too many players are involved may dissuade the Chinese state from approving the deal, news agency TT reports.