Monday, June 20, 2011

Saab Production on Hold for Two More Weeks at least

Ailing Swedish car manufacturer Saab will not be producing new vehicles for at least two more weeks until it resolves the problems with its suppliers, the company said on Monday.
"There will be no normal production during weeks 25 and 26 (June 20th-July 3rd)," Saab spokeswoman Gunilla Gustavs told Reuters. "We are still negotiating with all suppliers and we need to get everyone on board at the same time. The weeks of 27-29 (July 4th-24th) are planned to be normal working weeks".
Saab restarted production at its Trollhattan factory in late May after a two-month-long stoppage, but the company was forced to shut down its engines again over a week ago when parts supplies ran out.
The Swedish automaker’s parent company Spyker Cars N.V. recently signed a preliminary dealwith China’s Pang Da Automobile and Zhejiang Youngman Lotus Automobile Co., Ltd., which if approved by the government, would put Saab into the control of its Chinese shareholders.

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