Sweden: Short-term loan to restart Saab production

Saab’s owner Spyker Cars has announced the receipt of a €30m (US$44.4m) loan from Gemini Investment Fund, which should allow the troubled vehicle manufacturer to resume production within a week. Operations at Saab’s Trollhättan plant have been idled for more than three weeks after unpaid suppliers halted deliveries. The convertible loan Subscribe to Automotive World … Continued

• By Webmaster
• May 3, 2011