Saab temporarily halted production yesterday (March 29) as Saab confirmed that suppliers had stopped deliveries of parts due to a dispute over payments.

Spyker’s chief executive, Victor Muller, told Reuters that production was halted for two hours on Tuesday because a transport company wanted better payment, but he said that production has now  resumed.

Swedish newspaper Dagens Industri had earlier reported that production had been halted after some suppliers stopped deliveries due to unpaid bills.

A statement issued by Spyker today confirmed that halted shipments by suppliers in dispute over payment had caused yesterday’s Saab production stoppage:

“Certain suppliers halted supplies to Saab Automobile pending discussions about payments and supply terms. Saab Automobile expects to resolve these issues in the short term, also to prevent any further disruptions in supply. Saab Automobile has sufficient means to meet its immediate liquidity needs from existing and available sources. In addition, Saab Automobile continues to work on longer term solutions to further strengthen its financial position and improve its capital structure.”

The brief hiatus to production at Saab will raise questions about its business health as the fledgling firm  – ‘let go’ by General Motors early last year – attempts an aggressive plan to raise output towards breakeven point.

GlobalData Strategic Intelligence

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

The past week is proving to be a tough one for Saab.

Earlier this week Saab’s long-serving CEO Jan Ake Jonsson announced plans to retire. And last Friday Saab also also announced a steep loss for last year, according to parent company Spyker Cars. And on Monday, Spyker Chief Executive Victor Muller met with officials at Sweden’s National Debt Office to provide assurances over collateral to meet the terms of the credit guarantees the government provided to secure EIB funding.

See also:

NETHERLANDS: Spyker announces big loss for 2010

SWEDEN: Jonsson to step down as Saab chief – new distributors announced 

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now