SWEDEN: Saab debt agency move "automatic" says Kongsberg Automotive
By Simon Warburton | 27 July 2011
Component supplier Kongsberg Automotive says its decision to go to Sweden's debt enforcement agency regarding Saab payment was an "automatic" response.
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.
Sectors: Components, Financial, Vehicle manufacturers, Vehicle manufacturing
Companies: Saab, Kongsberg Automotive
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