Beleaguered Saab has warned that there there is a risk of delayed payment of August wages to Saab Automobile employees.

In a statement the company said that ‘some of the funds that were committed by investors may not be paid in time to effect such salary payments’.

Saab said it is ‘taking all necessary actions to collect these funds in time and continues discussions with various parties to obtain additional short-term funding so that the payments can be made, as well as resume sustainable production’.

However, the firm added that there can be ‘no assurance that the necessary funding will be obtained or the funds collected’.

Saab announced last week that it had hired the New York-based Endeavor Advisory Group in a bid to secure short-term financing and restart production.

See also: US: Saab could announce EUR250m within fortnight: Endeavor Advisory