Saab is continuing to talk to the European Investment Bank (EIB) today (27 April) in a bid to resolve financing issues that appear to hinge on approval from former owner General Motors.

It appears Saab is waiting on GM's nod for a complex deal that would see Russian businessman Vladimir Antonov acquire the automaker's property in exchange for a cash injection.

It remains unclear why GM continues to be involved. A spokeswoman in Zurich said only: "GM is in discussions with both the EIB and Saab on a variety of matters but it would be premature to discuss any details at this time."

Sweden's National Debt Office (SNDO) confirmed to just-auto this morning it is holding a meeting in Stockholm today to discuss the latest situation as Saab's production staff remain at home.

"Trollhattan is still idle today - until there is a resolution to the financing issue production will not start up," a Saab spokesman in Sweden told just-auto, adding the manufacturer was also talking to "more than one" Chinese automaker with a view to cooperation.

"This all runs in parallel - until we have financing in we can talk to will take less than a week to start up.

"Nothing goes as fast as you would like - that is unfortunate - that is the way it is."

Spyker yesterday confirmed Vladimir Antonov was waiting for approval from the SNDO and the EIB to become an investor.

Last week a business associate of Antonov, Lars Carlstom, told just-auto Antonov had been accused of being involved with business "that was not good".

"Several investigations were made and nothing was found," he said. "His problem has been that rumours took off in the media and were quite intense. A Russian with money makes people suspicious."

An emailed statement from EIB vice president in charge of Nordic countries, Eva Srejber, said: "EIB and GM approvals for the property sale and its financing and the other liquidity arrangement are also necessary.

"The EIB gave its answer last Thursday, 21 April. As of lunchtime on 26 April, there was no final approval from GM on Saab's liquidity package."