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.



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      • 3 Years Ago
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      Basil Exposition
      • 3 Years Ago
      Ugh, you guys are seriously citing TTAC as a source? If I could downvote the article, I would. That site is terrible.
      Alex740
      • 3 Years Ago
      After everything Saab has been through and found a way out of, I really doubt they are going to be forced into bankruptcy over only 3 mil. That's a drop in the bucket, even for them. This just sounds like negative reporting for the sake of making headlines. .
      hobbesfanmaster
      • 3 Years Ago
      I call B.S. until I see a statement from Saab or the companies wanting collection. But $198? That's friggin' pathetic for companies to be so concerned over such a small amount. $700,000 is a bit more understandable... But $3,000,000-ish in debt? That's absolutely nothing. Saab isn't healthy, but considering the **** they've been through recently, I have nothing but confidence in VM and his team for driving Saab back on track.
      Karolis Mork┼źnas
      • 3 Years Ago
      The source of this "report" says a thousand words, it's not the first time TTAC, or more specifically Bertel Schmitt, is bashing SAAB without any convincing arguments. He's attention *****, this is how he makes his living. I had written a critical, but polite comment on the previouse TTAC "report" of SAAB about him, but guess what? My comment wasn't approved and finally - deleted. He likes to make waves, to provoke peaceful car enthusiasts to get more visits and comments on his website, the more visits and comments - the more money from advertisement. Come on, Bertel Schmitt, GROW UP!
      mgbman72
      • 3 Years Ago
      TTAC, what a reliable source, for lies...
      • 3 Years Ago
      [blocked]
        • 3 Years Ago
        [blocked]
        caddy-v
        • 3 Years Ago
        Let him keep going. He's Autoblogs version of Anthony Weiner.
      • 3 Years Ago
      [blocked]
      Gregg
      • 3 Years Ago
      TTAC in general and Bertel Schmidt in particular have it in for Saab. Whether any of this story is true or not, remember that TTAC was openly skeptical of Saab getting the Pang Da money, stopping just short of calling Saab liars for even announcing that deal, because in TTAC's view it wasn't going to happen. Schmidt cited his "years of experience" with Chinese business as his reasoning and was offended that any commenters would call him out-- yet when the money did indeed come through, there was no retraction and no apology. Former AB troll and Saab hater/GM buttfrencher TriShield hangs out on the TTAC boards these days-- that's all you need to know. As a general rule I avoid that site's biased and frequently inaccurate "reporting" like the plague. As to Saab... I do wish them the best, and I hope they can pull themselves out of this cash flow situation, if only because they give the world something different. Not everyone wants Toyotas or Audis, and Saab makes well-designed, safe cars that are fun to drive.
        Drive571
        • 3 Years Ago
        @Gregg
        Classy, flaming someone when they're not here to defend themselves
      Basil Exposition
      • 3 Years Ago
      Time to put this brand out of its misery.
      kjbutler
      • 3 Years Ago
      Uh, Why is the guy in the picture putting a 'Save Saab' sign in a Volvo window?
      kjbutler
      • 3 Years Ago
      Uh, why is the guy in the picture putting a 'Save Saab' sticker in a Volvo window?
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