Saab on the brink - again

Saab has announced that it won't be attending the Frankfurt motor show, while reports from Sweden suggest creditors are losing patience

Saab logo

More bad news from Saab, with the announcement that the crisis-striken Swedish manufacturer has withdrawn from the forthcoming Frankfurt motor show. Reports from Sweden also suggest that Saab’s creditors are on the verge of beginning a ‘collection process’ against it for unpaid debts. 

Saab has been in the midst of a financing crisis since March and the company hasn’t produced a car since June. Despite several announcements of new investment partners, there’s no sign of production restarting on the 9-3 and 9-5 at the company’s Trollhattan factory.

Subscribe to evo magazine

Subscribe today to have every issue of evo delivered straight to you. You'll SAVE 39% on the shop price, and get evo for its original cover price for a whole year!

The company announced its withdrawl from Frankfurt with a simple statement saying it didn’t see the show as being a sensible way to spend its limited resources. At the same time, Bloomberg is reporting that Saab has to pay the money it owes to two suppliers by tomorrow to avoid having the debt sent to a collection agency. 

Most Popular

Visit/ferrari/203127/ferrari-omologata-revealed-latest-bespoke-commission-a-v12-super-coupe
Ferrari

Ferrari Omologata revealed – latest bespoke commission a V12 super coupe

One-off Ferrari Omologata revealed with bespoke body 789bhp V12 engine
25 Sep 2020
Visit/porsche/panamera/203126/porsche-panamera-turbo-s-2020-review
Porsche Panamera

Porsche Panamera Turbo S 2020 review 

Monster straight-line pace and impressive handling, but the Panamera sweet spot is found elsewhere
26 Sep 2020
Visit/bmw/m3-saloon/20529/all-new-bmw-m3-competition-revealed-an-icon-reborn
BMW M3 saloon

All-new BMW M3 Competition revealed – an icon reborn

This is the all-new BMW M3 Competition saloon which will join the M4 Competition coupe in BMW M’s new M3/4 family
23 Sep 2020
Visit/lamborghini/203125/lamborghini-boss-stefano-domenicali-named-new-f1-ceo
Lamborghini

Lamborghini boss Stefano Domenicali named new F1 CEO

Lamborghini’s CEO to take charge of F1 from 2021.
25 Sep 2020