If things don't rapidly start falling in Saab's favor, it's seeming more and more likely that the Swedish automaker may be at the tail end of its ninth life. The Swedish Enforcement Agency has reportedly contacted various banks holding assets for the troubled company, informing them that they may legally seize those assets in an effort to pay back roughly $625,000 owed to Saab's unpaid suppliers.

That might not seem like a lot of money, but that's only the sum that suppliers have requested the Swedish debt authority collect on their behalf that is immediately outstanding. The actual figure that Saab owes suppliers and employees is significantly higher.

As always, Saab's response is that it is working to secure further financing, but the automaker's fortunes seem to be getting more and more bleak with every passing day.


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  • 29 Comments
      jbm0866
      • 4 Years Ago
      R.I.P. I'm sad to see any established carmaker bite the dust...but I am growing tired of the almost daily "Saab on life support" articles. Pull the plug and say the eulogies..
        CarSnaab
        • 4 Years Ago
        @jbm0866
        Perhaps you should be more annoyed with the publishers of the almost daily articles as opposed to those whose livelihood are at stake. Some things are more news worthy than others. But in Autoblog's defense, they've been much more judicious than others.
      Alexander
      • 4 Years Ago
      The problem with SAAB is cruel in a lot of ways... SAAB like much of Swedish industry never really had the resources or the size to mass produce affordable and reliable cars. This means aiming for lower volume, which is achieved by putting yourself in the premium segment - right up with the big German car makers. SAAB never stood a chance at that level. It breaks my heart to say it but you can't ask premium money for a rebodied Opel.
      CarCrazy24
      • 4 Years Ago
      Come on Saab hang in there! I still need to test drive the 9-5 Combi coming out this year!
      alphalimaindigo
      • 4 Years Ago
      If BMW bought SAAB, they could do wonders with them. I think SAAB has a few months left.
      tenspeeder
      • 4 Years Ago
      I would also have liked to have seen BMW make an investment in the brand. Tie it together with Mini and offer a broader portfolio for that type of buyer. Keep Mini at the small end and Saab with the 93 and above.
      Rob Everetts
      • 4 Years Ago
      Why is it that Lotus has all kinds of funds to create a slew of new models when they remain a tiny niche player, and Saab, a once mighty and respected near-lux company, can't keep their heads above water? Oh yeah, I know the answer. GM.
      The Friendly Grizzly
      • 4 Years Ago
      Oh, the big bad nasty terrible GM ruined SAAB, whaa whaa whaah! Please. I used to run with a crowd where, for some reason, there were a lot of SAAB owners. The topic of conversation was often their latest breakdown, or the latest raping they took at the dealer getting a repair done at 30K miles that in any other car would not be necessary in even twice that mileage. None were repeat buyers. In short, they are/were quirky, strange, and - at bottom - troublesome cars that filled a small niche in the world's car market. A great car for college professors who wear corduroy coats with leather elbow patches and who use the stem of their pipes to gesture while beginning their sentences with "Basically...". I offer a paraphrase of Mark Twain: "SAAB is a car everyone praises, but nobody buys".
      Hazdaz
      • 4 Years Ago
      There is no way that SAAB is going to just die. If another European car maker doesn't buy them up (BMW, I'm looking in your direction), you better believe that the Chinese will. SAAB is an established brand known in most of the industrialized world. That kind of name recognition alone (let alone the factories, design center, infrastructure and intellectual property and engineering know-how) is easily worth billions of dollars. They would be the perfect fit for a Chinese carmaker that is trying to enter the European or US markets - they can BUY the reputation of an existing carmaker, instead of trying to build-up a new name with new dealership network and all that stuff up from scratch.
        CarSnaab
        • 4 Years Ago
        @Hazdaz
        They could just wait for a bankruptcy and just buy the name...
      dukeisduke
      • 4 Years Ago
      Saab is toast.
      • 4 Years Ago
      [blocked]
        Adrian
        • 4 Years Ago
        Don't you get tired of changing names and spamming? No halfway sensible person would click on your links.
          dukeisduke
          • 4 Years Ago
          @Adrian
          I'm sure it's a spambot, and that no human is involved. It just points to how sloppy the security is on AB.
          JonZeke
          • 4 Years Ago
          @Adrian
          I think its a real person actually. I do some freelance work off elance.com, and I've several job posts for people to literally spam blog sites. They pay dirt, and it's usually off-shored, but the jobs are real. There are also people paid to comment, here's a sample job off elance I just found for a paid commenter: 'We'd like to hire someone to post constructive blog comments on blogs in the Internet Marketing niche. - You will need to have a proper understanding of Blogging and Internet Marketing, - Your comments will need to be constructive and add to the discussion, - You will need to write in correct English without any typos or grammatical errors, - You will need to be able to engage into a discussion with the other blog commentators. We will most likely hire you for a test-run of 1 hour before assigning you to the ongoing contract. (This test-run will be monitored through Skype)." And here's another site spammer job: "I am looking for someone (or a team of people) to go to 100 unique photography blogs, post an insightful comment on the topic, and provide a link back to my photography site. The 100 blogs must all be photography related. There blogs must be on at least 25 different domains. All the sites must not have "NOFOLLOW" in the robots.txt file or otherwise be known to block link following. The site must allow the HREF command to create a hyperlink. The hyperlinks will have a title tag. You will need to provide me with links to all 100 sites that have the comment and link. All sites must have an Alexa Traffic Rank of 500,000 or better (i.e. lower). I will provide 3-5 different pages to my site that I want used in the links." I mean I'm amazed AOL blogs, Gawker Media and the rest allow this crap. I mean at least block the non-automotive spammers! How hard can it be?
      • 4 Years Ago
      [blocked]
      Avinash Machado
      • 4 Years Ago
      Time to contact the undertakers.
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