Yesterday, production at Saab Automobile stopped at lunchtime due to material shortages. We have now stopped again today for the same reasons.
“When we chose to restart production after the long stoppage, we saw a number of risks on the horizon, mostly concerned with the supply of materials. We are faced with more material supply problems this week and have therefore changed plans for the remaining days of this week. During the stoppages that we expect will occur this week, we have planned for various activities at the factory, such as staff training” said the purchasing and production director Gunnar Brunius.
The liquidity situation is still tense, and depends on several different financing solutions falling into place, long-term as well as short-term. Some milestones have been achieved, such as the letter of intent signed with Pang Da and the additional funding that their order of Saab cars means. An example of things that still await a solution is the sale and leaseback of Saab AB Property, which we have addressed in previous communications. Representatives from Spyker and Saab will continue to work with these solutions, while the dialogue between Saab and suppliers progresses.
-Production is sensitive to, and therefore easily disturbed by these events and what direction they take. It may be that the situation changes from day to day, or even from hour to hour. It is therefore very difficult to make further predictions, but we have to take one day at a time. In order to avoid taking on more supplies than necessary, we have decided to reduce production plans this week. We are all working hard to get production running consistently again, and as soon as possible,” said Gunnar Brunius.