Sweden's debt agency
must've figured out the PIN to a handful of Saab bank accounts. In one of them, the agency found 5.1 million kronor, which translates to nearly $800,000 USD. That amount is enough to cover debts owed to the first four companies waiting for funds in the pay-me-now queue.

The debt agency has reached out to other banks holding Saab accounts in order to get the full picture of the automakers financial position. Though the 5.1 million SEK covers a quartet of major debt holders, the total amount owed is much higher. According to the agency, 23 claims have been posted against Saab with a total value of 50 million SEK. That works out to nearly eight million USD.

Depending on the findings of the agency's probe, Saab could either be forced to pay off its loans or pushed toward the court with bankruptcy the likely outcome... unless regulatory approval is secured for long-term funding before that comes to pass.


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  • 13 Comments
      hobbesfanmaster
      • 3 Years Ago
      On the upside, at least Saab has the money... :D Besides, with the recent appointment of Endeavor Investment Fund to find Saab 345 million euros (which, according to an endeavor spokesperson, should be ready within 1-2 weeks, but has a 60-day time limit) and the Youngman/Pang Da deal due to be approved in October, (worth $245 million) Saab should be able to pay their debt, restart production, and have money left over for some advertising. But yes, it'll be a rocky several weeks until then.
      Hada Cakraningrat
      • 3 Years Ago
      saab... still alive and breathing
      Ace Convoy
      • 3 Years Ago
      My sister is right.... It's just a really tired Saab Story. Whatever this just means I'll find a used 2011 9-5 Cheaper
      dukeisduke
      • 3 Years Ago
      This reminds of the old SNL Weekend Update headline, "Generalissimo Francisco Franco is still dead".
      • 3 Years Ago
      [blocked]
      kevsflanagan
      • 3 Years Ago
      Jesh.. I think someone in their accounting dept may just be getting fired now. 800k is a decent chucnk of change, how the hell could they not realize "Oh hey we have this...."
      James Lee
      • 3 Years Ago
      Let's all start a collection fund for Saab? If everyone can donate a buck, and if we can get at least 200-400 M people? Nah, give me the money instead, I can probably invested it and get a better return!
      saabs divided
      • 3 Years Ago
      Visit saabsdivided.blogspot.com
      masonperegrine
      • 3 Years Ago
      If all they need is to pay 8 million to largely get out of this then why isn't some billionaire just buying the whole company? Corporations spend 8 million in a day without thinking, someone like Warren Buffet should just buy them or lend them the cash.
        guyverfanboy
        • 3 Years Ago
        @masonperegrine
        That billionare russian dude, whatshisname, should just buy the company. Problem solved!
          hobbesfanmaster
          • 3 Years Ago
          @guyverfanboy
          He tried, the EIB didn't let him in, despite the Swedish authorities giving him the okay...
      Shiftright
      • 3 Years Ago
      Will a real car company buy them already! They have two brand new products and others well in development. I just can't bear to seem them die. Anyone? Renault? Fiat?
      Lola Rose
      • 3 Years Ago
      oh saab!
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