Saab moves to ensure parts supply

• Suppliers have stopped delivering parts
• Saab says it can resolve problems in short term…
• … but is working on 'longer-term solutions'

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Saab has issued a statement after parts suppliers stopped deliveries to the company during discussions over payments and terms.

Parent company Spyker Cars NV issued the following statement today:

'After a short production stop at Saab Automobile yesterday afternoon, this morning production re-started again.

'Certain suppliers halted supplies to Saab Automobile pending discussions about payments and supply terms. Saab Automobile expects to resolve these issues in the short term, and to prevent any further disruptions in supply.

'Saab Automobile has sufficient means to meet its immediate liquidity needs from existing and available sources. In addition, Saab Automobile continues to work on longer term solutions to further strengthen its financial position and improve its capital structure.'

In February, Spyker Cars NV sold the luxury and supercar arm of the company to UK coach-builder CPP for €32 million. It said the sale would allow it to focus its energy on Saab and put it in a better financial position by reducing debt and interest payments.

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