6:41 PM
lancom
It would be an understatement of biblical proportions to say that Saab is having a bad year. Near daily accounts of the automaker's financial issues roll in like a rash of plagues, while very few vehicle are rolling out of the assembly plant. Now comes word that a consortium of businesses are preparing to turn the screws and, quite possibly, push the Swedish automaker into bankruptcy.
According to The Truth About Cars, a group of 48 business entities have joined up with the Swedish Collections Agency known as the Kronofogden. Owed debts among those joining together range from $198 up to $774,083. The total amount owed to all 48 in the consortium rings the registers at $3,672,944.
That figure is solely comprised of those appealing to Kronofogden for assistance. Others are waiting on payment from Saab, and that $3.6 million is only a fraction of the automaker's tota debt load. A Chinese cash infusion can't arrive fast enough at this point.
That figure is solely comprised of those appealing to Kronofogden for assistance. Others are waiting on payment from Saab, and that $3.6 million is only a fraction of the automaker's tota debt load. A Chinese cash infusion can't arrive fast enough at this point.
[Source: The Truth About Cars | Images: Nikolay Doychinov/AFP/Getty]
Posted in: kronofogden,saab bankruptcy,saab debt,saab finances,saab financial,swedish collections agency
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