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, March 30, 2011

Summary of the allegedly unpaid deliveries

It's time to sum up the situation with suppliers allegedly not being paid and production disrupted at Saab.

I seems that the company which stopped supplying Saab was the transport company DB Schenker. They claim that Saab owes them millions of Swedish kronor, and now they will only deliver if Saab pays at delivery. They have several truck loads of parts and they say that Saab can decide which deliveries they want. has a news piece about the deliveries.

Svenåke Berglie, which is the president of the Swedish Automotive Suppliers Association, says that DB Schenker is not the only supplier not being paid. He claims that Saab has had problems paying its suppliers on time. He also says that the amounts in question are big.
Yesterday the advertising agency Lowe Brindfors claimed that Saab hadn't paid them since December and that they were forced to stop the cooperation with Saab. Today Victor Muller says that it was Saab who ended the cooperation with Lowe Brindfors because Saab wasn't satisfied with the work the ad agency did. And Saab will pay the amount outstanding.

The Swedish National Debt Office, which has guaranteed Saab's loan at the European Investment Bank, tells us today that they are not worried about the loan they have guaranteed. They have a collateral at Saab worth SEK 4 billion and the loan is only EUR 217 millions (about SEK 2 billion) so far.