Skip to content

🚗 Your People Are Here. Get In.

The internet is full of car content. This is the community.

Cheers & Gears has been bringing enthusiasts together since 2001. Join the conversation, show off your garage, and find your people.

Saab Secures Short Term Financing - Aims to restart production

Featured Replies

SAAB Secures Short Term Financing

Aims to restart production this week

post-51-0-50123000-1304366044.png

Drew Dowdell - Chief Editor - CheersandGears.com

05/02/2011

Earlier, we posted that Saab's future looks bleak as production was shut down due to cash flow and supplier problems. Today, Saab announced that they have secured a 6 month, 30€ million loan from Gemini Investment Fund and an additional 29.1€ million from the European Investment Bank.

With these funds, Saab hopes to re-start production later this week pending delivery agreements with suppliers. Saab continues to seek long term financing for continued operations.

Good luck, Saab.

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

Latest News

Who's Online (See full list)

  • There are no registered users currently online

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.