Report: Saab could face debt-collection if bills go unpaid

Saab has been having a very tough time. Having been severely tainted by the aftermath of being owned by General Motors, the future of the Swedish brand has been grim. And to potentially add insult to injury, word has it that Sweden’s Debt Enforement Agency might begin a debt-collection process if Saab’s bills continue to be unpaid.

“The collection process that may start tomorrow would include investigating Saab’s bank accounts and potentially also other assets,” said Hans Ryberg, a division chief for the agency. “This could mean freezing them pending payments too.”

Saab owes its dues mainly to Kongsberg Automotive AB, a Norwegian-based company specializing in the manufacturing of car-seat parts, and Infotiv AB, a Swedish consultation firm.

Saab was also forced to stop their automobile production in March due to cash shortages and the assembly lines since June, have been virtually collecting dust. Apparently, more than 100 debt claims have been filed against Saab with Sweden’s Debt Enforcement Agency with some companies filing more than one claim.

Could Saab be really close to nearing death once again? From the sounds of it, they have at least one foot in the grave.

– By: Chris Chin

Source: Automotive News

Chris Chin

Chris Chin is the Editor-In-Chief of egmCarTech and is a regular contributor to Automobile Magazine.

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