Time is running out for Saab says Sweden’s’ National Debt Office as the automaker continues to try and restart production following supplier difficulties.
Saab’s Trollhattan factory remains idle today and although the manufacturer has expressed the hope it could be up and running again early next week, the Debt Office which has guaranteed a European Investment Bank loan (EIB) of EUR400m (US$577m), is less optimistic.
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“Time is running out – you don’t have to be an economist to realise that,” a Debt Office spokeswoman in Stockholm told just-auto. “I am not saying it has to be a solution this weekend but it can’t go on [for] weeks.
“It would be great to have some happy news…but I don’t. Saab has to solve this problem and we can’t go on like this.”
The automaker has been battling supplier issues for some days, although a spokesman maintained to just-auto yesterday (7 April) he was “confident absolutely” that Saab would survive.
It also remains unclear if potential investor and Russian businessman Vladimir Antonov could step in with investment that some have speculated could be up to 30%.
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By GlobalData“There are other people involved,” the Debt Office confined itself to noting.
Saab was not immediately available for comment.
