Currently reading: Saab production woes continue
Production stopped at Saab for a further fortnight as it attempts to thrash out deals with suppliers

Saab will not begin making cars again until July 4 at the earliest as it attempts to thrash out a deal with suppliers over its unpaid debts.

Saab is now proposing it pays suppliers 10 per cent of debts owed up front and will pay the rest in full by the end of September. The chairman of the Swedish parts supplier organisation, FKG’s Christer Palm, said he believed suppliers would accept the deal.

Read more on Saab's production problems

The Swedish Automobile (formally Spyker)-owned firm earlier announced no production would take place at its Trollhattan factory between June 20 and July 3 and it expects to see production return to normal levels from July 4 onwards.

Talks are also understood to have been held between Saab and a Swedish property firm that would see Saab sell Trollhattan and lease it back in an attempt to free up day-to-day cash flow.

Deals are also in place between Saab and Chinese firms Pang Da and Youngman Lotus Automobile Co designed to free up cash and give the company a foothold in China.

See all the latest Saab reviews, news and video


Latest business news

Rolls Royce Spectre production line
Production of hybrid, plug-in-hybrid and battery-electric cars is on the up
UK car industry records best October since Covid pandemic
Hydrogen fuel pump
Hydrogen retains its key advantage over battery EVs of quick refills for busy commercial vehicle operators
A decade behind EVs and twice the price – but hydrogen isn’t dead
Nissan Leaf built in UK
Electric Nissan Leaf is built in UK; SMMT wants incentives to help private buyers get their hands on one
Industry bosses call for EV incentives to aid private buyers
Add a comment…