Law and Rights
and they aren't happy. For the second time in barely a week the Saab headquarters plant in Sweden has had the assembly line shut down by suppliers who refuse to deliver critical parts because they claim they haven't been paid for deliveries. Saab factory officials keep saying that they have money to stay open to at least next year, but the Detroit Bureau is reporting that Saab is "trying to reach a solution" with the unpaid suppliers. The obvious answer would seem to be to just pay the bills, one would think. Apparently what Saab's Chairman calls a "minor glitch" is a little more than just minor after all. Meanwhile Saab is now moving back its "we made a profit" projection another year or so. So, if you've got a bad Saab, now is the time to get it in the shop for repairs before they start stringing out warranty repair payments to their dealers too. And the best motto until Saab gets their financial house in order again? Maybe it's "friends don't let friends buy Saab."
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- Is Saab Going, Going, Gone? Rumors Of Near-bankruptcy Circulate
Is Saab going, going, gone? Rumors of near-bankruptcy circulate as Saab delayed its release of the first half 2011 financial report which, obviously, will likely be printed with red ink. News reports say Saab missed another payroll and its suppliers still...
- Saab Troubles Continue As Asset Seizure Nears
It's a sad story for Saab owners around the world. The only vehicle actually being built right now is reportedly just the 9-4X Suv model with the rest of the Saab model line on hold while every day is undoubtedly causing heartburn in the board room....
- Saab Is Tottering On The Brink Of Collapse - Financing Falls Thru
Saab breathed a sigh of relief a few days ago when it announced a deal with a Chinese automaker that would have Hawtai Automotive Group gobble up 29.9% of Saab and loan it more money, funneling to Saab $216 million. With the money, Saab was set to pay...
- Saab Is In Trouble? Unpaid Suppliers Shut Down The Assembly Line For Lack Of Payment
Unpaid suppliers shut down the assembly line for lack of payment on overdue bills from Saab. The Saab Sweden plan got back to normal after a day long shut down that was sparked when suppliers refused to deliver parts because of outstanding bills that...
- Saab Sale Dies, And Saab With It
GM received word today that the only buyer for the Saab brand has backed out. It looks like the Saab sale will die and Saab with it. GM had notified the Saab dealers that it would close Saab down if it didn't find a buyer and for months the only...
Law and Rights
Saab factory shut down again by suppliers who aren't getting paid for deliveries
and they aren't happy. For the second time in barely a week the Saab headquarters plant in Sweden has had the assembly line shut down by suppliers who refuse to deliver critical parts because they claim they haven't been paid for deliveries. Saab factory officials keep saying that they have money to stay open to at least next year, but the Detroit Bureau is reporting that Saab is "trying to reach a solution" with the unpaid suppliers. The obvious answer would seem to be to just pay the bills, one would think. Apparently what Saab's Chairman calls a "minor glitch" is a little more than just minor after all. Meanwhile Saab is now moving back its "we made a profit" projection another year or so. So, if you've got a bad Saab, now is the time to get it in the shop for repairs before they start stringing out warranty repair payments to their dealers too. And the best motto until Saab gets their financial house in order again? Maybe it's "friends don't let friends buy Saab."
Burdge Law Office
www.BurdgeLaw.com
Because life's too short to drive a lemon.
Subscribe in a reader- Is Saab Going, Going, Gone? Rumors Of Near-bankruptcy Circulate
Is Saab going, going, gone? Rumors of near-bankruptcy circulate as Saab delayed its release of the first half 2011 financial report which, obviously, will likely be printed with red ink. News reports say Saab missed another payroll and its suppliers still...
- Saab Troubles Continue As Asset Seizure Nears
It's a sad story for Saab owners around the world. The only vehicle actually being built right now is reportedly just the 9-4X Suv model with the rest of the Saab model line on hold while every day is undoubtedly causing heartburn in the board room....
- Saab Is Tottering On The Brink Of Collapse - Financing Falls Thru
Saab breathed a sigh of relief a few days ago when it announced a deal with a Chinese automaker that would have Hawtai Automotive Group gobble up 29.9% of Saab and loan it more money, funneling to Saab $216 million. With the money, Saab was set to pay...
- Saab Is In Trouble? Unpaid Suppliers Shut Down The Assembly Line For Lack Of Payment
Unpaid suppliers shut down the assembly line for lack of payment on overdue bills from Saab. The Saab Sweden plan got back to normal after a day long shut down that was sparked when suppliers refused to deliver parts because of outstanding bills that...
- Saab Sale Dies, And Saab With It
GM received word today that the only buyer for the Saab brand has backed out. It looks like the Saab sale will die and Saab with it. GM had notified the Saab dealers that it would close Saab down if it didn't find a buyer and for months the only...