Saab’s coffers are rattling

Published on 7 April 2011 at 11:33


“The truth must out” leads Dagens Nyheter, which devotes its front page to the serious financial problems affecting the Swedish automaker Saab. As of Tuesday, April 5, production at the factory in Trollhättan was been suspended “until further notice”, due to the lack of deliveries of parts from subcontractors. “The leadership is looking around desperately for money, everything is on hold and the subcontractors are about to come and demand their money in person,” writes the Stockholm daily. The company president, Victor Muller, however, “has yet to give out any precise information on the actual financial situation of Saab,” the newspaper adds, regretting that this lack of transparency “tarnishes the Saab brand.” Yet on April 4 Muller had [assured Dagens Nyheter](http:// that the shutdowns were only a “small morning sniffle” for Saab and that “neither the subcontractors nor the Swedish press have any reason to worry”.

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