It could be the very beginning of the collapse for Saab. It’s worth mentioning the fact that that the manufacturer has been struggling to re-open its headquarters in Trollhattan since March when parts manufacturers began their boycott. Though Saab thought it had found the way out when it lined up a series of deals in China, but they fell through just days after the have been announced or they got caught in the bureaucratic red tape.
Also, the Russian banker Vladimir Antonov proposed a multi-million-dollar stock purchase but it has been put on hold. Earlier this month Saab managed to raise cash so it would be able to pay white-collar Swedish workers., by selling 4 million shares to GEM Global Yield Fund. But it did not manage to find enough cash to cover the bills from suppliers.
“We have contacted Saab’s banks,” an official of the Swedish Enforcement Agency. This could be the forthcoming seizure of Saab assets, which could come in the next few days as more of Saab’s many bills remain unpaid, as related by The Detroit Bureau.