Saab says there is a risk of delayed payment for Aug. wages

We’re not sure how much longer Swedish Automobile will keep this going but the company announced today that Saab is at risk of delayed payments of August wages to “employees as some of the funds that were committed by investors may not be paid in time to effect such salary payments.”

“Saab Automobile 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,” Swedish Automobile said in a statement. “There can however be no assurance that the necessary funding will be obtained or the funds collected.”

Good luck Saab.

– By: Omar Rana