Unpaid bills force Saab to temporarily halt production - but parent firm says Saab is safe
30 March 2011

Saab parent firm Spyker has said its immediate finances are in good shape, despite Saab having to halt production yesterday due to a pay dispute with one of its suppliers.

Spyker boss Victor Mueller said production had to be stopped for a couple of hours as a transport company wanted a better payment from Saab for its services.

“Saab Automobile has sufficient means to meet its immediate liquidity needs from existing and available sources," a Spyker statement said. "In addition, Saab Automobile continues to work on longer-term solutions to further strengthen its financial position and improve its capital structure.”

Sweden’s car industry suppliers association, KFG, has also said that Saab had not paid some of its members, with the association’s chairman telling local radio that its members were “angry”.

The supplier payments issue is the latest blow to Spyker’s recovery plan for Saab. Last week, respected Saab CEO Jan Ake Jonsson announced he would be retiring from the firm after 38 years. And Spyker sold off its sports car business earlier this year to concentrate fully on running Saab.

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Dallara Stradale
    The Stradale is the first road-legel car from Italian motorsport constructor Dallara
    First Drive
    16 March 2018
    The motorsport constructor's first road car is inspired by Lotus minimalism. Does it thrill on road and track?
  • Hyundai i30 N
    Standard spec is good so paint colour is our car’s only option
    First Drive
    16 March 2018
    What’s Hyundai’s first hot hatch and N-brand debutant really like? Let’s find out
  • Porsche Boxster GTS
    This is the new GTS version of the Porsche Boxster
    First Drive
    15 March 2018
    The 718-generation Boxster is our favourite roadster of the moment – so is this new GTS variant worth the extra outlay?
  • BMW 5 Series
    First Drive
    15 March 2018
    The BMW 5 Series is top of the mid-exec pack, but is there still room for a diesel saloon in everyday family life?
  • Audi A7 front
    First Drive
    14 March 2018
    The new Audi A7 Sportback looks the part, but how does the new Mercedes-Benz CLS rival cope on UK roads? We find out