Despite agreeing to a rescue package from two Chinese car companies, Saab is forced to halt production yet again. The Swedish manufacturer announced yesterday that output at its Trollhattan plant would stay still for another two weeks (June 20-July 3). Apparently, Saab has still not secured an agreement with all of its suppliers.
The assembly line remained on hold for most of April and May as the company failed to pay off its debts and parts supplies ran out again.
Spokesman Eric Geers told Reuters that the weeks of July 4 to 24 are planned to be normal working weeks. However, Saab has not set a timetable for the Trollhattan factory to resume production at full capacity.
Alliances with Zhejiang Youngman Lotus Automobile and Pangda, if approved by authorities in China and Europe, will solve Saab's mid- and long-term cash problems, but alas, short-term financing remains a problem.
Source: Automotive News
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| Photo: Saab |
The assembly line remained on hold for most of April and May as the company failed to pay off its debts and parts supplies ran out again.
Spokesman Eric Geers told Reuters that the weeks of July 4 to 24 are planned to be normal working weeks. However, Saab has not set a timetable for the Trollhattan factory to resume production at full capacity.
Alliances with Zhejiang Youngman Lotus Automobile and Pangda, if approved by authorities in China and Europe, will solve Saab's mid- and long-term cash problems, but alas, short-term financing remains a problem.
Source: Automotive News