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Lay-offs loom at Saab suppliers
saab

Lay-offs loom at Saab suppliers

Suppliers to beleaguered Swedish carmaker Saab have reported that they will be forced to start laying off staff if there is no decision by the European Investment Bank to approve the sale of real estate by the end of this weekend.
Russian backer secures Saab property funds
saab

Russian backer secures Saab property funds

Russian businessman Vladimir Antonov has agreed a deal with an independent European bank to handle payments to Swedish carmaker Saab with regard to the sale of its property holdings, his spokesperson has confirmed.
Saab staff upbeat on loan news
saab

Saab staff upbeat on loan news

The Swedish government decided on Friday that Saab Automobile could sell its real-estate company to battle its liquidity issues. That decision gave hope to Saab employees who have been worried about their jobs.
No resolution for Saab's cash crisis
saab

No resolution for Saab's cash crisis

Despite rising hopes, Friday saw no resolution to the money problems that have dogged Saab this week. The government called a crisis meeting on Friday but talks ended without a successful conclusion according to spokeswoman Marja Lång.
No deal with Spyker due to Russian owner
saab

No deal with Spyker due to Russian owner

A insider source with information about the Saab closure claims that US car maker General Motors did not sell its Swedish unit to Dutch Spyker due to concern about too many inconsistencies surrounding Russian joint owner Vladimir Antonov.