Saab is declining to comment on a Chinese source who have told just-auto money was paid into its account last week.
The source – who has asked for identity to remain confidential – told just-auto the cash had been paid although whether it will be used to settle outstanding August salaries has not been confirmed.
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“Money has arrived in their account, it arrived last week,” the source told just-auto from China.
Saab’s main white collar labour body Unionen previously indicated the total wage bill for July amounted to around SEK55m or US$8.5m, although the Chinese source asked that the amount it paid last week remain secret.
“There is nothing I can say about the salaries at this point,” a Saab spokeswoman in Sweden told just-auto.
“There are discussions happening, there is work going on behind the scenes like there always is. We are in dialogue with the unions.”
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By GlobalDataIt is as yet unclear if the unions will still take further action following written communication with Saab detailing wages owed for August, a process that theoretically could lead to bankruptcy proceedings.
Saab still owes a considerable amount to its many suppliers, who will be eyeing any cash deposit with interest, while speculation in Sweden has also raised the possibility of a possible SEK1bn bridging loan that could be forthcoming in the next few days.
US investment firm Endeavor Advisory Group, which has been hired by Saab, confirmed to just-auto last week a “positive conversation is going on” in terms of a potential bridging loan to the stricken automaker.
