Sweden: Saab unable to pay staff wages

Highlighting a continuing lack of short-term funding, Saab, owned by Swedish Automobile, has confirmed it is unable to pay wages to employees. Swedish Automobile and Saab are in talks with various parties to obtain short-term funding, including via a sale and leaseback of Saab's real estate, and with their financiers in Subscribe to Automotive World … Continued

• By Webmaster
• June 23, 2011