Saab says unable to pay wages, discussions ongoing

Newswire

STOCKHOLM, June 23 (Reuters) - Troubled Swedish carmaker Saab, owned by Netherlands-based Swedish Automobile , said on Thursday it could not pay wages to its employees, as it had not yet obtained necessary short-term funding. Swedish Automobile and Saab are still in discussions with various parties to obtain short-term funding, including the potential proceeds from a sale and lease-back of Saab's real estate that was announced recently, it said. "There can however be no assurance that ...

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