Saab says production will not resume August 9 as hoped

It looks like Saab isn't going to resume vehicle production on August 9 as it previously stated. Talks are currently continuing with the automaker's supplier base and the company's new partners to secure additional short-term funding. Apparently, Saab is still waiting on the delivery of some parts necessary to start production, and as a result, manufacturing has been postponed until those pieces can be secured.

Currently, the automaker says that it has around 11,000 orders on hand, and that its executives are optimistic about being able to nail down all the necessary delivery plans to continue producing vehicles. At the earliest, that may now be as soon as August 29.

Saab has frantically worked to secure partners for long-, mid- and short-term funding, and the automaker has announced a rash of new plans as a result of its efforts. The most recent of those include the introduction of three new models in cooperation with Chinese companies Pang Da and Youngman. Click past the jump for the automaker's press release on the most recent delay.
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Zeewolde, The Netherlands, 21 July 2011 - Swedish Automobile N.V. (Swan) announces that Saab Automobile AB (Saab Automobile) continues discussions with its supplier base on material supply and delivery terms in order to be able to resume production at its Trollhättan plant. Swan and Saab Automobile continue their discussions with parties to obtain further short-term funding to be able to restart and sustain production. As delivery of all parts needed to secure a production start is not yet agreed production will not resume on August 9 as intended and will be postponed until a full commitment on delivery plans can be secured.

Gunnar Brunius, Vice President of Production and Purchasing said: "I am positive about the progress we made on the payment terms with our suppliers and it is good to see that we all want to make it work. What we need now is a full commitment on supply of parts into our factory to be able to restart production and secure a stable manufacturing operation. We are now working hard with our suppliers to nail down these plans, commit to a delivery schedule and start building the close to 11,000 cars that we currently have in our order books. The industry-wide summer break at our suppliers caused certain key suppliers not to be able to supply us in time. Saab Automobile hopes to restart production earliest in week 35 provided that it is able to commit to a delivery schedule with its suppliers."

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