IMPORTANT NEWS: National Electric Vehicle Sweden has agreed to buy the assets of Saab Automobile and the sale is expected to be finalized during the summer.

Wednesday, April 20, 2011

Fresh money is on the way

According to Dagens Industri, the final details concerning the sale Saab Property AB to a company owned by Vladimir Antonov was worked out yesterday, and some time during today the first payment of EUR 30 million is expected to be transferred to Saab's bank account.

- We completed the property sale on Tuesday and the money can probably be transferred to Saab's account on Wednesday, says Lars Carlström [Swedish spokesman of Antonov].
With fresh money in the bank, Saab should be able to pay their suppliers and thus be ready to build cars again next week when Easter celebration is over.