SWEDEN: Saab debt agency move "automatic" says Kongsberg Automotive
Stressing it was not seeking to file for Saab's bankruptcy, Kongsberg noted its actions were intended to register its interest in the Swedish process through the Kronofogden debt agency should there be a bankruptcy.
"That is not the same as filing for a bankruptcy or trying to bankrupt Saab," a Kongsberg Automotive spokesman told just-auto. "Of course we need some kind of security we will get paid for the supplies we have delivered so far.
"We also need to see some security for future supply - that is [an] ongoing process. When this came up there was a risk of Saab going bankrupt, it is almost automatic we go to Kronofogden. Not doing it would the same as saying you don't owe us everything."
The spokesman revealed Saab owed Kongsberg around EUR800,000 (US$1.2m), but stressed this was in the context of the supplier's EUR1bn business worldwide.
"More important to us is that Saab finds a good solution...and we can supply to them," he said. "We are still in a dialogue with Saab when it comes to us as a supplier and a customer.
Kronofogden told just-auto it would allow a total of eight Saab claimants to proceed further, with the automaker's finances now being examined with a view to any repayment. The Kronofogden agency examined dossiers from 42 Saab suppliers and other bodies.
Saab's woes intensified yesterday (26 July) when it announced it was unable to pay salaries to white collar staff.
The Unionen labour body revealed it would make short-term loans available to its 1,000 members at the automaker, who have not received wages.
Just why aren't Saab's receivers on today's (19 January) trip to China as a high-powered delegation seeks to salvage something from the wreckage of the automaker's recent bankruptcy?...
China's meteoric rise to number one status in terms of global auto sales prompted some lively discussion at last week's Automotive News World Congress in Detroit, not the least of which was the observ...
Turkish private equity company, Brightwell Holdings, says it is not interested in stripping Saab's assets and intends to keep most of the automaker functioning in Sweden, should its bid for the bankru...
Potential bidder for bankrupt Saab, Brightwell Holdings, says Chinese manufacturer Youngman may be "jumping the gun," when it comes to putting in an offer for the Swedish automaker....
Both Hyundai and Seat are looking to expand their UK dealer networks, the companies have said. The news will help offset the slow demise of Saab's 58-strong dealer network and the decision by Renault ...
Bankrupt Saab's main white collar labour body Unionen, says its members have around one and half months salary left before the State guarantee runs out...
- Audi TDI tech is 25 years of age
- VEHICLE ANALYSIS: BMW X4
- Swallowing Fiat-Chrysler 'would be bad for VW'
- Kia K900 knocks on big brands' door
- Global light vehicle market developments
- Sir Nick Scheele dies
- Volvo claims two safety firsts for XC90
- Ford Europe finally makes a pre-tax buck
- Ford changes R&D chief
- Rule change hits 'free charger' offers for EVs