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Source: Saab  July 26, 2011

Update on Saab Automobile

Zeewolde, The Netherlands, 26 July 2011 — Swedish Automobile N.V. (Swan) announces that Saab Automobile AB (Saab Automobile) has  delayed payment of the wages to its white-collar employees as some of the funds that were committed by investors were not paid in time to effect such salary payments.  Saab Automobile is taking all necessary actions to collect these funds and continues discussions with various parties to obtain additional short-term funding so that the payments can be made.
Swan will update the market of any new developments.

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Comments
  1. Timie
    I hope, everyhing will be OK... Everything is gonna be all right... WE BELIEVE IN SAAB!!!
    # 1
    July 26, 2011
  2. Mark
    RIP Saab. A fighter can stand some punches, but after a while their capacity to stay standing, absorb the blows and fight back is expended. I think that point may just have arrived.
    # 2
    July 27, 2011
  3. Roberta
    Heck yeah this is eaxctly what I needed.
    # 3
    July 30, 2011
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