Friday, August 19, 2011

Swedish Regulator Prepares to Seize Saab Assets as the Automaker Hires Endeavor to Secure New Funding



Saab just can't seem to get a break. When you think that it's on the right path to solve its problems, suddenly new issues arise. This time it’s Sweden’s Debt Enforcement Agency, which, according to Detnews, has started collection proceedings after the company failed to meet last Tuesday’s deadline to pay two suppliers.

Saab’s debt to Kongsberg Automotive AB, a Norwegian manufacturer of car seat parts, and Infotiv AN, a Swedish consulting firm, amount to $633,000, with the majority belonging to Kongsberg according to the Agency’s chief, Hans Ryberg.

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