Sweden’s National Debt Office is declining to comment on reports it could release some finance to Saab that the automaker potentially made available to secure loans.
The Swedish manufacturer’s factory is idle in Trollhattan today (8 April) for the second day in a row as it struggles to meet supplier demands for payment, but speculation has centred on the Debt Office perhaps offering a creative solution to the cash difficulties
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“We have been working on different solutions,” a National Debt Office spokeswoman in Stockholm told just-auto. “I was more hopeful yesterday than I am just now but new things keep popping up.
“You solve one problem and start a fire somewhere else. It is a tricky situation.”
The Swedish government provided guarantees underwriting a EUR400m (US$576m) loan from the European Investment Bank (EIB), which Saab has accessed, but the deal is subject to strict conditions.
“It is a business relationship with one of our clients, so we never comment on these issues,” an EIB spokesman in Luxembourg told just-auto.
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By GlobalData“We do monitor the situation all the time, until something happens, there is nothing that has changed.”
Saab was not immediately available for comment.
