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.

Tuesday, July 26, 2011

Eight suppliers asked debt enforcement agency to take action

For several weeks now it's been known that an increasing number of suppliers with financial claims on Saab Automobile have been reporting their claims to Sweden's debt enforcement agency, Kronofogden. A total of 104 debts have been registered with the collection agency. Of these, 41 have now been examined by the agency, which yesterday said that eight companies had decided to proceed to the next level with their claims. Three of these are direct suppliers, and the rest are consultants and other companies. The three suppliers are part of the Norwegian Kongsberg Automotive Group.

The eight companies can now ask the debt enforcement agency to look into Saab's bank accounts to see if there is any money to be found. If there is no money, or there is not enough money in the accounts, then the debt enforcement agency can start looking for other assets. But it is still the eight companies which decide whether the debt enforcement agency should proceed or not.

The remaining of the 41 companies initially examined, may also decide to go to the next level if they please, but at the moment they have decided to wait and see what happens.

The biggest of the 41 claims has been reported by SvD to be SEK 4.3 million, and the others are of lesser amounts. If one looks at all of the 104 debts, the biggest is SEK 44 million (supplier International Automotive Components).