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.

Thursday, August 25, 2011

Wanted: EUR 17 million

According to Belgian, Saab is in immediate need of EUR 17 million. The wage payments due today and tomorrow amounts to EUR 11 million and the Swedish Debt Enforcement Agency is in the process of collecting EUR 6 millions in debt.

And on Saab's Swedish bank accounts there is only EUR 100,000 according to the Debt Enforcement Agency.

That's the very short-term need of money. But as we all know, next month new wage payments are due and the debts to suppliers are also piling up and several million euros are probably due the weeks to come.