6 April 2011
| Angeline Albert
has been forced to stop production at a factory in Sweden after deliveries of
parts were halted by suppliers who have not been paid.
lines at the carmaker’s Trollhättan factory have been
suspended several times over the past five days because suppliers were unhappy
about their payment and supply terms.
disruption to factory operations began on 31 March when logistics supplier
Schenker, which provides Saab with trucks to deliver parts, withdrew its
services, as did the car parts maker IAC, a supplier of dashboards and door
has 800 suppliers in total, said it has since come to an agreement with both vendors,
so production could continue. Talks with a number of other suppliers are
In a statement, parent company Spyker Cars said:
“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.”
for Saab Automobile told SM: “Some
suppliers have been affected by a tightened liquidity experienced by Saab in
the past quarter. We are working to strengthen the financial strength of the
company long-term, so that we don’t run into issues going forward.”
The Trollhättan factory produces a number of Saab vehicles,
including the 9-3 Sport Sedan, 9-3 SportCombi, 9-3 Convertible, 9-3X and 9-5
annual report revealed that Saab urgently requires extra funds to operate. In February 2010, Spyker Cars of the Netherlands acquired Saab
Automobile for £45.6 million from US automotive company General Motors.