Saab CEO Victor Muller is in Stockholm for talks with Chinese manufacturer Youngman as it seeks a way to pay overdue November salaries and reassure its administrator of a viable future.

The automaker confirmed it had not received money to pay wages for last month, with the Chinese company thought to be the most likely source of any short term funding.

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Two of Saab’s four unions have also collected signatures from their members as they petition to have salaries paid, while the larger IF Metall and Unionen labour bodies are still undertaking that process.

The talks in Stockholm could centre on any new ownership structure Saab is attempting to put in place in a bid to reassure former parent General Motors it would not raise any competivity issues, while Swedish reports have speculated as to administrator Guy Lofalk’s next step.

“The administrator has not taken any formal action at this point,” a Saab spokeswoman told just-auto. “He has gone on the record that he might have to take action if the money does not come in.

“There is also the question of keeping the commercial situation adequate to pay off all our costs, including salaries [such as] electricity, telephone bills and heating.”

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Meanwhile, Chinese distributor Pang Da said it would continue talks with various parties including Saab on plans to invest in the carmaker.

Saab owner Swedish Automobile said on yesterday (5 December) a Chinese bank was also in talks about taking a stake in Saab.

General Motors is key to any deal as it continues to have preferential shares in Saab and has supplied the automaker with crucial components and technology.

There are also reports in Sweden speculating GM has rejected a new Saab ownership suggestion, but the US manufacturer was not immediately available for comment.