Saab spokeswoman Gunilla Gustavs said it is not possible to say when salaries will be paid. "That depends on when and if we can secure short-term funding, for example through the real estate deal," Gustavs said. "This is really bad news and we are working intensely to do something about it. There are no guarantees but we are not giving up."
Saab has been forced to halt production at Trollhatten because of the cash shortage. Earlier this week the automaker asked its suppliers to accept 10 percent of what they're owed now and the rest in September, the chairman of Swedish auto-supplier association FKG told Bloomberg.
Saab first halted production in April amid a payment dispute with suppliers. It restarted assembly May 27 after getting a cash advance from Pang Da, only to put the brakes on manufacturing again on June 8.
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