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Saab's creditors seek debt collection

Bloomberg said Monday that Sweden’s Debt Enforcement Agency has been asked by eight companies to collect debts owed to them by Saab Automobile. The Swedish carmaker forced to halt production amid a cash shortage.

“We will start the collection process in a few days,” Christina Lindberg, a case worker at the agency, told the newswire.

Kongsberg Automotive AB, a Norwegian company that makes car-seat parts, is one of the companies that have requested the agency to enforce debts.

“We have discussions with all the suppliers to resolve this as soon as possible,” Saab spokesman Eric Geers told Bloomberg. “We have come far in the discussions.”

Saab’s plan to restart production on 9 August has been scrapped after it failed to secure all the parts required for its models from its suppliers.

“What we need now is a full commitment on supply of parts into our factory to be able to restart production and secure a stable manufacturing operation,” Saab’s vice president of production and purchasing, Gunnar Brunius, told Auto Car.

“We are now working hard with our suppliers to nail down these plans, commit to a delivery schedule and start building the close to 11,000 cars that we currently have in our order books.”

 

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Last Updated (Tuesday, 26 July 2011 16:04)

 

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