Swedish carmaker Saab has suffered through a number of manufacturing slowdowns over the past year as it battled insolvency. According to a published report, the company said it will delay its plans to restart production this month, citing parts shortages.
The Wall Street Journal reports that Saab officials said the company will now resume production on August 9. The carmaker has struggled to find alternative suppliers after it failed to pay a number of its bills. Saab spokeswoman Gunilla Gustavs said that the company is actively working with suppliers to restart supplies, but that it has encountered a number of obstacles during negotiations.
Over the past three months, the company has essentially halted production because of unpaid supplier bills, and last month the company conceded that it was unable to pay a number of its employees' wages because of its financial woes. In an effort to resume production, Saab officials told suppliers that they would pay 10 percent of their outstanding accounts as they scrambled to restart their manufacturing operations.
"We now aim at a production start after the summer vacations," Gustavs said. "We still have some way to go before we have everyone on board, but that is our ambition."
The Wall Street Journal reports that Saab officials said the company will now resume production on August 9. The carmaker has struggled to find alternative suppliers after it failed to pay a number of its bills. Saab spokeswoman Gunilla Gustavs said that the company is actively working with suppliers to restart supplies, but that it has encountered a number of obstacles during negotiations.
Over the past three months, the company has essentially halted production because of unpaid supplier bills, and last month the company conceded that it was unable to pay a number of its employees' wages because of its financial woes. In an effort to resume production, Saab officials told suppliers that they would pay 10 percent of their outstanding accounts as they scrambled to restart their manufacturing operations.
"We now aim at a production start after the summer vacations," Gustavs said. "We still have some way to go before we have everyone on board, but that is our ambition."
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