Home / Auto News / News article: Saab Has Ability To Pay Debts According To Probe By Swedish Agency - AutoGuide.com News
 |  Aug 22 2011, 7:15 PM

Sweden’s debt agency is claiming they have successfully investigated a handful of Saab bank accounts with some success. On Friday, the agency uncovered $796,291 which is enough to cover debts owed to the first four companies waiting for payment.

The debt agency has contacted other banks holding Saab accounts in order to understand exactly where the Swedish automaker stands. The money found only covers a quarter or major debt owed to other companies, with the total amount owed, being much higher. The agency has stated that 23 claims have been posted against Saab, with a total value of nearly $8,000,000. The debt agency is still investigating accounts, but Saab may either be forced to pay off its loans or be pushed toward the court to claim bankruptcy.

[Source: The Wall Street Journal]