Saab says it has no date set for production to start

Saab 9-3 Production

Saab is in a bunch of trouble once again. The Swedish automaker said today that it doesn’t know what it will start building vehicles.

“It will not be today. The staff is in place this morning but not today. We have no forecast, but we will try and restart it as soon as we can,” Saab spokesman Eric Geers told Reuters.

Originally, Saab’s factory in Trollhattan, Sweden, halted production for most of April and May because it couldn’t pay suppliers. Production started in late May, but was quickly forced to stop again when parts supplies ran out again.

Geers had no comment on a new report today saying that Saab held talks with Swedish property company Hemfosa on a sale and leaseback deal for the plant and property of the company in Trollhattan. According to reports, Hemfosa was prepared to cash out $46 million for Saab’s properties.

Saab has agreed on a rescue package from two Chinese car companies including Zhejiang Youngman Lotus Automobile Co. and Pangda.

– By: Omar Rana

Source: Automotive News