It has become a tradition at the „iconic” Saab: For the sixth month in a row, former carmaker Saab can’t make payroll. Saab employees did read the familiar note on their website today that salaries are “delayed.” Their head of HR, Johan Formgren, told them that sadly, he cannot “confirm any exact date when the salaries will be paid.” Saab spokesman Eric Geers told the media that he also does not know when wages will be paid. And who is to blame? Victor Muller? Fugitive Valdimir Antonov? All-around-whipping post GM?

No way. It’s the Chinese.

In a text message cited by Göteborg Expressen, Victor Muller writes: (Read More…)

Swedish Automobile NV, the artist formerly known as Spyker, and owner of struggling Swedish car maker Saab, said today it plans to issue new shares to raise cash in order to meet overdue payroll. Response of the union: “Show me the money.” (Read More…)

And this is how it usually ends. Saab spokesperson Gunilla Gustavs said “it is regrettable to have to notify staff of the day before midsummer,” that Saab is unable to pay this months wages to its employees. What’s more, Saab has no idea if and when it will send out paychecks again. “It is impossible to make any sort of forecast, except to repeat that the company is trying to solve this as quickly as possible,” said Gustavs to the wire-service TT [via TheLocal].

Saab employees were told via email this Thursday morning that no money will hit their accounts by month’s end. (Read More…)