In a sign of the possible problems brewing up at Saab, the Swedish firm was forced to temporarily halt production for a few hours at its plant on Tuesday as well as on Wednesday after component makers cut off deliveries to the factory because they hadn’t been paid.
“Certain suppliers halted supplies to Saab Automobile pending discussions about payments and supply terms,” Spyker said in a statement on Wednesday. “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,” the company added.
Sweden's FKG association of car industry suppliers confirmed the payment problems. "The information that we got at the end of last week was that they (suppliers) have not been paid by Saab," FKG chief executive Svenake Berglie told public radio.
The news on the brief production stoppages come only days after the company’s CEO Jan-Ake Jonsson announced his retirement without any warning. Saab said that until a successor is found, Spyker Car’s CEO Victor Muller will temporarily assume the role of CEO.
Sources: Spyker , Autonews
