Saab Production Halted Due To Payment Dispute With Suppliers
Saab has halted production yet again amid another dispute with suppliers. Saab representatives declined to say how long the production stoppage would last, but said that they were in discussions with their suppliers to resolve the matter. Saab’s parent company Spyker said that last week’s production stoppage was related to unpaid bills.
In an interview with Reuters, the head of Sweden’s suppliers organization said that Saab cannot pay its suppliers. Meanwhile, Saab CEO Victor Muller defended his company, stating that they were not on the verge of collapse, but that more stoppages were inevitable. “This is an ongoing thing,” he said. “It will take some time to get everyone back in line properly. We will get it under control.”
[Source: Automotive News]
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