Skip advert
Advertisement

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More bad news from Saab, with the announcement that the crisis-striken Swedish manufacturer has withdrawn from the forthcoming Frankfurt motor show.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.

Advertisement - Article continues below

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. 

Skip advert
Advertisement
Skip advert
Advertisement

Most Popular

The new Toyota GR Yaris costs £44,250 – too much for a hot supermini?
Toyota GR Yaris Gen 2 – front
News

The new Toyota GR Yaris costs £44,250 – too much for a hot supermini?

Our early impressions of the Gen 2 GR Yaris suggest that it’s an improvement in every area that counts, but can it be worth £18k more than an i20 N?
27 Mar 2024
The new Mercedes-AMG G63 has arrived, and it still has a V8
Mercedes-AMG G63
News

The new Mercedes-AMG G63 has arrived, and it still has a V8

Some of Affalterbach’s range-toppers are swapping eight cylinders for four, but the AMG G-class retains its V8 for 2024
26 Mar 2024
Land Rover Defender OCTA: twin-turbo V8 and McLaren-style suspension tech for hot off-roader
Land Rover Defender OCTA – front
News

Land Rover Defender OCTA: twin-turbo V8 and McLaren-style suspension tech for hot off-roader

The OCTA promises to be the fastest, toughest and most capable Defender yet when it launches later this year
26 Mar 2024