The roller-coaster ride continues.
Saab has applied for more loans from the European Investment Bank. So far the loan agreement has a limit of EUR 217 million and the most Saab can loan is EUR 400 million. I assume that this additional loan, if approved, can like the first 217 million, only be used on research and development, and not to run the factory.
The Swedish National Debt Office says that the application to approve Antonov as a shareholder in Saab, can take weeks to process rather than days.
Supplier IAC has stopped all deliveries to Saab. They indicate that they have not been paid and that the talks with Saab hasn't led to a solution so far.
Update: Another stop at Saab today because of problems with supplies.
A blog fueled by enthusiasm about Saab, the greatest car company between the North and the South Pole. And their cars, which probably is the only cars that would start on a cold and crispy South Pole morning.
