Saab is continuing to struggle on the financial front as it announces it is unable to pay white-collar employees due to investors not following through with their commitments.
Saab has had a number of keen - or so they say - investors jump on board over the past few months, giving Saab some stability and optimism for the future. In light of this, Saab even announced three new models, as reported earlier this month. Now though, investors seem to be backing off causing Saab's structure to begin to wobble once again. Swedish Automobile announced recently,
"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."
Even though it appears Saab is clinging to its last threads here, Saab says the payments will be made, and that investors are committed, just not yet. Saab said,
"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."
As much as we hate to ask it, could Saab be near the end once again? Tell us your thoughts in the comments section below.