RSS News Feed Saab to restart production after six-week suspension - SaabCentral Forums
*
Home Saab Pictures Saab Classifieds Saab Dealer Listings Saab Forum Saab Forum


Go Back   SaabCentral Forums > Saab Cafe > SAAB Corporate News

SAAB Corporate News For corporate news strictly about SAAB & NEVS (National Electric Vehicle Sweden AB)

SaabCentral.com is the premier Saab Forum on the internet. Registered Users do not see the above ads.
Reply
 
Thread Tools Display Modes
  #1  
Old 27th May 2011
RSS Bot's Avatar
RSS Bot RSS Bot is offline
SaabCentral News Bot
 
Join Date: Apr 2009                                                
Location: Planet Earth
My Saabs: Everything Saab!
Posts: 418
Post Saab to restart production after six-week suspension

Filed under: China, Europe, Plants/Manufacturing, Saab, Earnings/Financials



Six weeks have passed since Saab was forced to halt production of its 9-3 and 9-5 models in Sweden due to a lack of funds needed to pay suppliers. The automaker had hoped to get production back up and running after it agreed to a deal with Chinese automaker Hawtai Motors, but that plan was scrapped after the agreement failed to materialize.

But now there's a new Chinese suitor in town. A Memorandum of Understanding has been signed between Pang Da Automobile Trade Co. and Saab, and a report from Reuters quotes spokeswoman Gunilla Gustavs as saying that production ought to be restarted today (Friday, May 27, 2011).

We've heard this one before, and it has so far failed to materialize. That said, Pang Da has already forwarded Saab 30 million euros to get production restarted, and Pangda Chief Executive Pang Qinghua would like to see the lines humming along in time for his scheduled visit to Trollhättan that same day.

In other Saab news, Sweden's enterprise minister Maud Olofsson met with Russian investor Vladimir Antonov to discuss his interest in continued financial backing for the struggling automaker, which is hoping to receive approval for a 29.1-million-euro draw-down from its open request to the European Investment Bank.

Only time will tell if this Saab story (yes, pun intended... sorry) has a happy ending.Saab to restart production after six-week suspension originally appeared on Autoblog on Fri, 27 May 2011 08:30:00 EST. Please see our terms for use of feeds.



Permalink | Email this | Comments

More...
Reply With Quote Quick reply to this message
Sponsored Links
Advertisement
 
Reply

Bookmarks

Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the SaabCentral Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
If you do not want to register, fill this field only and the name will be used as user name for your post.
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
RSS Feed Report: Saab secures financing to restart production RSS Bot SAAB Corporate News 1 17th April 2011 03:31 PM
RSS Feed Spyker Seeking Financing to Restart Saab RSS Bot SAAB Corporate News 0 12th April 2011 02:50 PM
Saab 9-5 in production (video) lexington01 9-5 Workshop 7 4th April 2009 11:33 PM
Saab 9-3 in production lexington01 9-3 Sedan, Cabrio ('04+)/Combi & 9-3X Workshop 3 4th April 2009 10:15 PM
Saab production STOPPED fusionrx The Lounge 3 27th February 2009 02:51 PM


All times are GMT -4. The time now is 03:08 AM.



Powered by vBulletin® Copyright ©2000 - 2014, vBulletin Solutions, Inc.

top of page | sitemap | email us



copyright © 2003 - 2011 saabcentral.com, All rights reserved http://www.whiter.co.uk - valid xhtml - valid css
SaabCentral is an independently run website and is not affiliated in any way to Saab Automobile AB.


Garage Plus vBulletin Plugins by Drive Thru Online, Inc.