Scandinavian supplier body, FKG, says its members are “furious” at what is thought to be a SEK129m (US$19m) claim by Saab’s administrators and “very, very upset” concerning what it says is a request to repay goods supplied last year.
The Swedish automaker has since been purchased by National Electric Vehicle Sweden, but the apparent bill charged by the administrators has caused deep anger with FKG’s membership.
“That gets the suppliers furious,” FKG managing director, Fredrik Sidahl, told just-auto from Gothenburg.
What has also angered FKG is that members will apparently have to repay the administrators for goods supplied to Saab last March and April.
“They claim refunding of what the suppliers [have] received from Saab during that period, March/April last year, which made all the suppliers very, very upset,” said Sidahl.
“What happened was the lawyers sent out a letter to almost all the suppliers and claimed the money back for invoices Saab Automobile has paid for goods supplied to Saab for March/April last year. The reason is they say, it should be obvious for the supplier Saab was in bankruptcy.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataSidahl said legal contact had been made with FKG’s lawyers, “to bring assistance, that has been done of course. The suppliers say: ‘no, we did not know the company was in bankruptcy.'”
Previous estimates have put the sums owed to Saab suppliers at around or even above EUR150m, but any further financial cost will clearly annoy the component community even further.
“All the time it pops up something from the bankruptcy – it is just dirt and mud and sad stories,” said Sidahl.
The administrators were not immediately available for comment from Sweden.