Saab is declining to confirm reports it has secured significant US investment following speculation in the Swedish media.
“We are not commenting on the specifics about an American investor,” a Saab spokeswoman told just-auto. “We are in a process of trying to secure funding to secure the future of the company.”
Go deeper with GlobalData
Earlier speculation had centred on “real and substantive” discussions with possible investors, but Saab is remaining tight-lipped.
Today (10 August) Saab CEO Victor Muller held talks with all four of the principal unions at the automaker – Unionen, IF Metall, Sveriges Ingengorer and Ledarner – although the manufacturer was unable to confirm if salary details were specifically discussed.
Saab white-collar workers only received their July wages at the end of last week, with those for August yet to be detailed.
“We won’t be discussing everything that was discussed at that meeting,” said the spokeswoman. “We have salaries to pay, taxes and social costs to pay, we have to get production back and going.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“It was a dialogue the unions had, a chance to ask the news they wanted. We are keeping the unions informed on an ongoing basis.”
Saab is still waiting for approval from the Chinese authorities for potential investment by distributor Pang Da and manufacturer Youngman.
The automaker managed to pay July salaries through a deal inked with GEM Global Yield Fund.
It has previously stated a goal of restarting production on 29 August.
