Keeping your staff happy is key to running a successful company. One of the main ways to do that is to pay them, which is an area in which Saab is once again experiencing a bit of trouble. Specifically, Saab cannot pay white-collar employees because committed funds have not yet been fully recovered by investors. The automaker's suppliers are looking to get paid as well, but there's just no money to do so at the moment.

According to Bloomberg and Sweden's The Local, Saab suppliers are seeking help from a collections agency. In total, 104 debts have been registered with the group teaming up to try and pry some money back from Saab. Meanwhile, the automaker is looking to secure a new loan to replace the current $346.6 million lent out by the European Investment Bank. Once in place, Saab would be ready to have Russian entrepreneur Vladimir Antonov step in and secure a 29.5 percent owner's share of the company.

Will Mr. Antonov serve as a saving grace for the Swedish automaker? We don't know, but we're certain the company needs all the help it can get at this point.
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Zeewolde, The Netherlands, 26 July 2011 - Swedish Automobile N.V. (Swan) announces that Saab Automobile AB (Saab Automobile) has delayed payment of the wages to its white-collar employees as some of the funds that were committed by investors were not paid in time to effect such salary payments. Saab Automobile is taking all necessary actions to collect these funds and continues discussions with various parties to obtain additional short-term funding so that the payments can be made.


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    • 1 Second Ago
  • 12 Comments
      Iris Decker
      • 4 Years Ago
      I just paid $22.87 for an iPad2-64GB and my girlfriend loves her Panasonic Lumix GF 1 Camera that we got for $38.76 there arriving tomorrow by UPS. I will never pay such expensive retail prices in stores again. Especially when I also sold a 40 inch LED TV to my boss for $675 which only cost me $62.81 to buy. Here is the website we use to get it all from, BidsOut.com
      Bruno Nekic
      • 4 Years Ago
      OMG just give it a rest already and close the doors.
        CarSnaab
        • 4 Years Ago
        @Bruno Nekic
        You better hope you never get sick with that kind of attitude.
          DrEvil
          • 4 Years Ago
          @CarSnaab
          There is sick or wounded, and then there is this mess. They might be better off shuttering the plant while they get their business in order. This is no way to run a business.
      • 4 Years Ago
      [blocked]
      guyverfanboy
      • 4 Years Ago
      Well, hopefully billionaire Vladimir Antonov will be able save this poor company. :(
      • 4 Years Ago
      [blocked]
      DrEvil
      • 4 Years Ago
      Shut the damn thing down already. Who would have confidence in any product coming out of a business run in this manner.
      avinash Machado
      • 4 Years Ago
      Sad.
      jonwil2002
      • 4 Years Ago
      The real question is what General Motors thinks of potential Russian involvement with SAAB. After all, concerns about the Russians stealing GM technology/IP/etc from SAAB that made it so hard to find a buyer in the first place IIRC.
      • 4 Years Ago
      [blocked]
        jksss
        • 4 Years Ago
        I just paid $22.87 for an iPad2-64GB and my girlfriend loves her Panasonic Lumix GF 1 Camera that we got for $38.76 there arriving tomorrow by UPS. I will never pay such expensive retail prices in stores again. Especially when I also sold a 40 inch LED TV to my boss for $675 which only cost me $62.81 to buy. Here is the website we use to get it all from, CoolCent. com