Saab Parts Subsidiary to Resume Production of Body Components
Saab Automobile Parts signs an agreement allowing it the use of the bankrupt auto maker’s press and body-shop for the manufacture and assembly of body parts and components.
Parts production will resume at Saab Automobile’s press and body plant in Trollhättan, Sweden.
Saab Automobile Parts, a subsidiary of the bankrupt auto maker, has signed an agreement with Saab Automobile administrators allowing it the use of Saab’s press and body-shop plant, including special tooling, for the manufacture and assembly of components.
The parts maker is not included in the parent’s bankruptcy and has remained in operation. A second agreement between the two companies will see the acquisition of a large number of fully assembled parts and other components.
“These agreements, together with recently signed new contracts with key suppliers, are part of a comprehensive program to ensure a consistent supply of parts for Saab vehicles, both short and long term,” Saab Automobile Parts CEO Lennart Stahl says in a statement.
Saab Automobile, now under receivership, was acquired in 1990 by General Motors, which sold the company to Spyker Cars in 2010.
Spyker sought bankruptcy after a Chinese consortium was blocked from buying Saab by GM, which opposed the transfer of patents and technologies to Chinese companies.
Saab Parts U.K. Sales Director Alan Cowan says he expects parts availability to return to the same levels as before the auto maker stopped production.
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