• Sweden's news in English

Saab: production to resume in two weeks

TT/The Local/pvs · 30 Jun 2011, 14:36

Published: 30 Jun 2011 14:36 GMT+02:00

Facebook Twitter Google+ reddit

The Swedish government is expected to declare its position on whether to approve Russian financier Vladimir Antonov as a shareholder in Saab within a couple of days, according to the local TTELA news website, citing a local Moderate Party politician.

"A statement is imminent, I would think within a few days, but maybe not this week," Trollhättan councillor Peter Eriksson told the website.

According to information manager Eric Geers, order books are currently busting with orders for more than 10,000 cars and he is hopeful that production lines will start to roll within two weeks.

"It is very important for the whole system to get started as quickly as possible. And believe it or not - orders have even been dropping in during the crisis."

Salaries for June, which were delayed by the acute cash shortage at the firm, have now been paid out following a deal this week to secure short term capital.

"My own salary came in yesterday," Eric Geers explained.

The firm was however unable to clearly establish how the salaries and wages of employees would be paid for in the coming months.

"We have had problems with short-term cash flows, which have been solved by having received funds, so we assume that it will work in future as well," said Per Bränneby, a union representative at Saab's Trollhättan plant.

"But then it is all dependent on what happens in negotiations with suppliers."

Vladimir Antonov arrived in Stockholm on Thursday in his private jet from London, his Swedish spokesperson Lars Carlström said. However, meetings with government representatives regarding Saab Automobile are not on his agenda.

Carlström expects that a press conference will be called by Antonov in Stockholm in the near future, although not this week.

Story continues below…

"We hope to get something set up pretty soon, maybe next week," he said.

Meanwhile outstanding payment claims for Saab Automobile continue to drop into the Swedish Enforcement Authority (Kronofogden).

A further four demands have been lodged over the past two days, one of which was for 6.9 million kronor ($1.1 million) from an IT company. The number of outstanding claims currently numbers 80 cases and totals some 82 million kronor.

The largest single claim is for more than 44 million million from vehicle component manufacturer IAC.

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

Facebook Twitter Google+ reddit

Your comments about this article

15:29 June 30, 2011 by J. L. Belmar
"According to information manager Eric Geers, order books are currently busting with orders for more than 10,000 cars and he is hopeful that production lines will start to roll within two weeks." you can read in the contents of this news.

I would like to ask where are these orders coming from? Eric Geers believes that whatever he says we have to swallow. So, I repeat: Who are those who want more than ten thousand cars?

I have a hunch and that is, that Saab will disappear for good.
16:09 June 30, 2011 by spy
@ J. l. Belmar

Some fairly 'grown-up' media are also reporting this story and they are likely to have verified this quote. Also Eric Geers, as a PR professional, would not make this up as he would lose complete credibility if it came out.
18:57 June 30, 2011 by Nemesis
If this story is true, why have they not told the suppliers?
18:59 June 30, 2011 by Jasper2
Maud Olofssson ordered one. That leaves 9,999 to account for.
20:01 June 30, 2011 by spy

I would be surprised if they haven't said this to the suppliers.


After the way Olofsson has treated Saab they probably wouldn't want to sell her a car - which is saying something as they need every sale they can get.
20:13 June 30, 2011 by Jasper2
I actually know A SAAB salesman in Upper New York State who refused to sell a SAAB to an unpleasant customer
20:39 June 30, 2011 by byke
I actually know of thousands of SAAB workers in Sweden who had been refused a pay check due to SAAB's practices.
23:59 June 30, 2011 by Nemesis
@ spy

They have not told suppliers and it is news to them.
01:39 July 1, 2011 by CurtInFalcon
I truly want Saab to succeed as I own two of their cars. I also want them to succeed for the workers sake. However, Saab is not viable as a brand and sales are deplrable. Saab cannot survive in today's market unless it can bring fresh new cars to the world and have the money to heavily market them. I feel bad for those who have inested in Saab and have purchased Saab property. These were not good business decisions and the investors will likely lose their money. Saab may survive for the next few months but they won't last more than one year.
03:31 July 1, 2011 by Eagle63
@ 20:13 Jasper2: That's the opposite of BMW; they seem to sell their cars ONLY to unpleasant people. Judging at least by the way they drive, especially in Germany...
11:32 July 1, 2011 by BillyB
woohooo 10,000 !!! wow...

do you know how many cars they need to sell just to break even, let alone make a profit or claw back all the massive loans...???

this is nothing...less than nothing really.

10,000 is like trying to use sticky tape to fix the Titanic after it hit the iceberg...not even worth the effort of trying
15:55 July 1, 2011 by spy
@BillyB and Nemesis

You seem to be experts in Saab's purchasing, sales and finance issues. Or is it that or you are making naive comments about something you have no real insight into? Either way keep it up as you are providing some amusement. LOL
22:25 July 1, 2011 by wakak
How can they start up production? It is Summer Semester everywhere in this country. The 10 000 buyers will have to wait...

Seriously speaking, it looks like a hoax. Why not 100 000 then while they are at it?
00:36 July 2, 2011 by ebartfly
10,000 units waiting to be built! No cash to pay the parts suppliers. Maybe China will bail them out; maybe they will not! What's wrong with this picture? I can tell you, unequivocally; these problems are the sole responsibility of management. How long will it be before the orders will start to be cancelled? I wish Saab and all of its employees well. Perhaps they will be able to ride out this unfortunate mess management has created.
01:01 July 2, 2011 by BillyB

You are correct. I am an expert.

I have plenty of insights. also its blindingly obvious....
06:24 July 3, 2011 by spy

Don't lull yourself into a false sense of competence. Just because you have declared yourself an 'expert' doesn't mean you are one.
Today's headlines
Swedish PM visits Iraq for talks on Isis
Stefan Löfven (left) and Haider al-Abadi (right). Photo: Henrik Montgomery/TT

Stefan Löfven will discuss the offensive on Mosul with Iraqi Prime Minister Haider al-Abadi.

Illicit abattoir kept more than 100 bulls' penises
A couple of young bulls not related to the story. Photo: Jonas Ekströmer/TT

Dried cattle genitalia, goats' heads and hundreds of litres of lard were just a few of the many strange finds discovered when police raided a property in Sweden.

This is officially Sweden's most beautiful beard
The most beautiful beard in Sweden. Photo: Memo Göcek

According to a jury of barbers and 'well known bearded profiles', that is.

Presented by Invest Stockholm
One expat's strategy for making friends in Stockholm

You might think it’s hard to make friends in a new city. But if at first you don’t succeed – try something else!

Injured Swedish photographer protected by 'guardian angel'
Swedish photographer Paul Hansen on another occasion. Photo: Fredrik Sandberg/TT

Photographer Paul Hansen thanked his lucky stars for surviving sniper fire while covering the battle for the Isis-held city of Mosul in Iraq.

How Sweden is trying to smooth relations with Saudis
Swedish Prime Minister Stefan Löfven meeting Saudi Arabia's Trade Minister Majid bin Abdullah Al Qasabi. Photo: Henrik Montgomery/TT

Sweden's Prime Minister Stefan Löfven has visited Saudi Arabia a year and a half after relations turned frosty in a major diplomatic row.

My Swedish Career
'Swedish people love it, but they find it quite odd'
Scottish entrepreneur William Macdonald. Photo: Michael Campanella

Meet the web developer and entrepreneur using traditional Scottish ceilidh dancing to break the ice with Swedes.

Swedish photographer shot near Mosul
Hansen was being operated on in the Iraqi city of Erbil on Sunday. Photo: Nora Lorek/ TT

Paul Hansen, a photographer working for Swedish daily Dagens Nyheter, has sustained light injuries after being hit by what appears to be a sniper while covering the battle for the Isis-held city of Mosul in Iraq.

Trollhättan remembers school attack victims
'It was an attack on all of Sweden,' Education Minister Gustav Fridolin said. Photo: Thomas Johansson/ TT

Hundreds of people on Saturday turned out for a torchlight procession in the small town of Trollhättan in southwestern Sweden to honour the victims of last year’s deadly school attack there.

Sweden wants emission- free cars in EU by 2030
Photo: Jessica Gow/ TT

Sweden's environment minister on Saturday urged the European Union to ban petrol and diesel-powered vehicles from 2030.

Sponsored Article
This is Malmö: Football capital of Sweden
People-watching: October 21st-23rd
Sponsored Article
Where is the Swedish music industry heading?
Fury at plans that 'threaten the IB's survival' in Sweden
Analysis & Opinion
Are we just going to let half the country die?
Blog updates

6 October

10 useful hjälpverb (The Swedish Teacher) »

"Hej! I think the so-called “hjalpverb” (auxiliary verbs in English) are a good way to get…" READ »


8 July

Editor’s blog, July 8th (The Local Sweden) »

"Hej readers, It has, as always, been a bizarre, serious and hilarious week in Sweden. You…" READ »

Sponsored Article
Why you should 'grab a chair' on Stockholm's tech scene
Angry elk chases Swede up a lamp post
Sponsored Article
Stockholm: creating solutions to global challenges
The Local Voices
'Alienation in Sweden feels better: I find myself a stranger among scores of aliens'
People-watching: October 20th
The Local Voices
A layover at Qatar airport brought this Swedish-Kenyan couple together - now they're heading for marriage
Sponsored Article
Swedish for programmers: 'It changed my life'
Swede punches clown that scared his grandmother
Sponsored Article
Top 7 tips to help you learn Swedish
Fans throw flares and enter pitch in Swedish football riot
Could Swedish blood test solve 'Making a Murderer'?
Sponsored Article
‘Extremism can't be defeated on the battlefield alone’
Property of the week: Linnéstaden, Gothenburg
Sponsored Article
Stockholm: creating solutions to global challenges
Swedish school to build gender neutral changing room
People-watching: October 14th-16th
Sponsored Article
Why you should 'grab a chair' on Stockholm's tech scene
Man in Sweden assaulted by clowns with broken bottle
Sponsored Article
Where is the Swedish music industry heading?
Nobel Prize 2016: Literature
Sponsored Article
Last chance to vote absentee in the US elections
Watch the man who discovered Bob Dylan react to his Nobel Prize win
Record numbers emigrating from Sweden
People-watching: October 12th
The Local Voices
'Swedish startups should embrace newcomers' talents - there's nothing to fear'
How far right are the Sweden Democrats?
Property of the week: Triangeln, Malmö
Sweden unveils Europe's first elk hut
People-watching: October 7th-9th
The Local Voices
Syria's White Helmets: The Nobel Peace Prize would have meant a lot, but pulling a child from rubble is the greatest reward
Missing rune stone turns up in Sweden
Nobel Prize 2016: Chemistry
jobs available