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Saab Will Resume Production On Friday

William Maley

By William Maley
in SAAB / NEVS

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Saab Will Resume Production On Friday

William Maley - Editor/Reporter - CheersandGears.com

May 26, 2011

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Related: Saab Working On Getting Production Back On Track

Six weeks. That's how long Saab's production lines in Trollhättan, Sweden stood still. The reason was due to suppliers not getting paid for parts. Those six weeks would cause turmoil in Saab with money running low, loan requests, a partnership with a Chinese automaker falling through, and other problems.

However, things are beginning to look up for Saab. They have announced a partnership with Chinese distributor, Pang da Automobile Trade Co., which netted Saab 30 million euros. Now, it looks like the production lines will be running once more.

Saab spokeswoman Gunilla Gustavs said Saab will restart the production lines in Trollhättan tomorrow.

"Based on the information we have, it looks like we will start up production tomorrow," said Gustavs.

Gustavs said the automaker has been in talks with suppliers since last week about debts and possible repayment. A number of suppliers have made agreements with Saab and are now sending parts to the plant.

Also, Pang da's Chief Executive, Pang Qinghua will be visiting the plant tomorrow to see how everything is going.

Source: Reuters

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