Saab update on production

Swedish Automobile N.V. (Swan) announces that Saab Automobile AB (Saab Automobile) continues discussions with its supplier base on material supply and delivery terms in order to be able to resume production at its Trollh�ttan plant. Swan and Saab Automobile continue their discussions with parties to obtain further short-term funding to be able to restart and sustain production. As delivery of all parts needed to secure a production start is not yet agreed production will not resume on August 9 as intended and will be postponed until a full commitment on delivery plans can be secured.

Gunnar Brunius, Vice President of Production and Purchasing said: "I am positive about the progress we made on the payment terms with our suppliers and it is good to see that we all want to make it work. What we need now is a full commitment on supply of parts into our factory to be able to restart production and secure a stable manufacturing operation. We are now working hard with our suppliers to nail down these plans, commit to a delivery schedule and start building the close to 11,000 cars that we currently have in our order books. The industry-wide summer break at our suppliers caused certain key suppliers not to be able to supply us in time. Saab Automobile hopes to restart production earliest in week 35 provided that it is able to commit to a delivery schedule with its suppliers."

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SAAB, Svenska Aeroplan Aktiebolaget: a Swedish Auto Maker

SAAB, Svenska Aeroplan Aktiebolaget: a Swedish Auto Maker - Saab Automobile AB, better known as SAAB or Saab, an acronym for Svenska Aeroplan Aktiebolaget, a Swedish auto maker, owned by Dutch car maker Spyker Cars NV. It is the exclusive automobile Royal Warrant holder appointed by the King of Sweden. Originally automotive manufacturing division of Svenska Aeroplan Aktiebolaget (Swedish Aircraft Limited), later known as Saab AB, Saab Automobile was acquired by General Motors Company in 1990, which was sold to Spyker Cars in 2010 .

SAAB was originally a division of Svenska Aeroplan Aktiebolaget (Swedish Aircraft Limited), which was established in 1937 in Link�ping. The company was founded in 1937 with the express purpose of building aircraft for the Swedish Air Force to protect its neutrality as Europe moves closer to war. As the war drew to an end and that the market for combat aircraft evaporated, the company began to seek new markets in which to spread. (@ car showroom)

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saab usa - saab fails to deal funds injection, may 2011

saab usa - saab fails to deal funds injection, may 2011; Saab's on the ropes after Chinese bailout deal falls apart: Saab has fallen to the board today after his property for a cash injection from China Hawtai Motor Group collapsed. Saab has not made a car since April 6 because it is short of money to pay suppliers.

The owner of Spyker Cars said Hawtai could not get permission to deal with $ 223,000,000. Hawtai said in a statement that "strategic cooperation" with the Spyker and the Saab has been completed through consensus. " Hawtai said: "The current situation is complex and has not been possible to reach agreement on the documentation in time to consider."

The Chinese company said, however, that negotiations with Spyker continue to try to reach a new agreement. Saab spokesman Gunilla Gustav The Associated Press that the company has not given up on investment and is in talks with potential Chinese partners, but gave no names. Before the agreement was Hawt Saab also talks with BAIC, Great Wall Motors and Youngman.

Saab said it would resume production this week with a six-month loan from one of its shareholders and by tapping its credit facility with the European Investment Bank. EIB was not OK, that bit, and Saab is still closed.

Moreover, like China, Saab has also proposed a plan to rescue Russia's sale of the factory in Russia, Vladimir Antonov businessman in exchange for 30% of Saab, but the plan has been approved by the Government of Sweden.

Antonov representative of Sweden, Lars Carlstr�m told Reuters today that Russia is "still very interested and eager to get the Saab, the Saab to invest." Although the loss Hawtai deal and remains "optimistic" about investment in China.

saab, usa, deal, funds, may, 2011, Hawtai, China Hawtai Motor Group, China, Sweden, Russia, automobile company, automaker, BAIC, Great Wall Motors, Youngman, EIB

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