Saab must stop production

Saab has to stop production It had already indicated itself. The insolvent Swedish automaker has to stop production for the time being. The money is not even enough for official fees. The insolvent Swedish car manufacturer Saab has to stop production due to acute payment problems. A spokesman of the customs office confirmed on Wednesday that the authorities would have forbidden any delivery or delivery of material or finished cars for the main plant Trollhättan because the Unt Saab had filed for insolvency last week as a subsidiary of the US General Motors Group (GM), but had also announced the continuation of production with 4100 employees. From the company it stated that the problems with the Swedish customs would be solved “as soon” . The parent company in Detroit, which is even struggling for its survival, wants to continue production for the first time on dre i months of temporary restructuring of Saab to finance a “self-employed company” but also requires government subsidies from Stockholm. The government rejects all aid. Saab has no money to earn: for years the manufacturer has not recorded any profit. In 2007 the company made an operating loss of 2,19 billion Swedish crowns (201 million euros). In the past year, Saab sold 93,295 vehicles worldwide, 25 percent less than in 2007. They accounted for 1.1 percent of the Saab is one of the smallest manufacturers in Europe. The company was founded in 1937 – originally for the production of military aircraft. However, the Scandinavians quickly made a name for themselves with their cars built since 1947 – first by unusual aerodynamic shapes and later by elaborate safety technology. Above all, the Cabrios are still very popular in Germany. In 1990 General Motors took over 50 percent of the Antei ten years later, the rest of the shares in the world’s largest car company at that time. Except for a short phase in the 1990s, Saab always lost the parent company. FTD.de, 5:21 p.m. © 2009 Financial Times Deutschland