Swedish debt authority poised to seize Saab assets

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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