Saab’s coffers are rattling

Published on 7 April 2011 at 11:33

Cover

“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:// http://www.dn.se/ekonomi/beratta-hur-det-star-till-med-saab) 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”.

Was this article useful? If so we are delighted! It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans. Discover our membership offers and their exclusive benefits and become a member of our community now!

Are you a news organisation, a business, an association or a foundation? Check out our bespoke editorial and translation services.

Support independent European journalism

European democracy needs independent media. Join our community!

On the same topic