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 ...
Premium Content (PAID Subscription Required)
"Saab says unable to pay wages, discussions ongoing" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.