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'Patience running out for Saab abroad': suppliers

TT/The Local/rm · 16 Jun 2011, 07:16

Published: 16 Jun 2011 07:16 GMT+02:00

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“I think that the patience has more or less run out,” said Lars Holmqvist CEO of Clepa, the European Association of Automotive Suppliers, to news agency TT.

Ten weeks have passed since the factory in Trollhättan closed and with the exception of occasional days, production lines have been at a standstill ever since.

The problems with suppliers who haven’t been paid remains and according to Lars Holmqvist it is probably going to be the suppliers based abroad who will be the first to give up on Saab.

“They probably have less feeling for Saab than many Swedish companies which have grown up with Saab in a different way. Many also have a personal connection to Saab because they might have driven one at some point in their life. But the foreign suppliers are tougher,” Holmqvist told TT.

And according to him, their patience is running out.

“This is partly due to a lot of empty promises that have turned to nothing and partly due to lack of information. No consideration has been taken of these suppliers, they feel duped and therefore Saab is now standing there with a factory at a standstill,” Holmqvist said.

Holmqvist doesn’t want to speculate into how long Saab can hold out.

“But I am surprised that they have managed this far. I don’t think Saab will make it,” he told TT.

Story continues below…

The Saab board is currently working to find a solution but on Wednesday they were no closer in being able to say when production can begin again.

TT/The Local/rm (news@thelocal.se)

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Your comments about this article

16:43 June 16, 2011 by millionmileman
This is a crying shame. Saab just needs some temporary relief from the Swedish government to get the ball rolling. So much is at stake. The cost of loss of this company will cost Sweden much more than help for Saab.
17:17 June 16, 2011 by McChatter
The Swedish government doesn't need to help. Where are all the millions from the Russian (was it Antonov?) and the Chinese? Or has Muller been misleading us again?
17:57 June 16, 2011 by A Little Worried
Does anyone ever consider that all major parties involved are actually working towards a different end than 'saving Saab'? Failing companies are often purchased to be cannibilized for profits and after all the BS that has happened I cannot help but think this is what is happening.

Meanwhile, this person and that are looking to invest, but ops! someone or some organization stopped it. And as it is being taken apart, purchasing will not even pick up the phone to its debtors/suppiers, of which I am one. Disgruntled? You bet. Wonder what a bank would say if they called me up for a late payment and I said 'sorry, I have no information for you.'

Not only has Saab failed to pays its debts, it has unbelievably spit into the faces of its debtors.
18:41 June 16, 2011 by NorwegianRune
McClutter: EIB says they need to approve Antonov (or any other potential owner I guess). They are effectively holding Saab hostage. Saab either have to repay the loan within a few months or accept EIB's slow deliberations concerning the ownership question.

It is worth noting that Koenigsegg (who GM first picked as the buyer) felt it necessary to abandon the deal after EIB and the Swedish government dragged their feet.

To sum up: Superior products. Saab the company just need a little nudge to start climbing again. They need to install a little turbo.
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