Saab Production Halted Again Due to Supplier Shortages

#Saab, #9-3

After briefly halting production last week, Saab has once again been forced to suspend vehicle production in Sweden thanks to suppliers halting deliveries of goods and services. According to Automotive News, several suppliers once again stopped delivering parts to Saab due to unpaid invoices.

Production of the Saab 9-3 and 9-5 stopped last week for similar reasons; when it resumed March 30, Saab claimed it would address supplier payment issues “in the short term.” Today’s halt appears to the latest in a string of fiscal hiccups for the embattled automaker. In addition to posting a $380 million dollar loss for 2010, parent company owner Spyker spun off its supercar manufacturing business to a Russian investor in an effort to pay off debts.

Saab spokeswoman Michele Tinson told us the production delays don’t affect deliveries of Saab products in the U.S. The company hopes to sell 80,000 cars globally this year, compared to the paltry 32,000 vehicle sales recorded last year. If the first few months of 2011 are any indication, reaching that sales goal will likely be an uphill battle for Saab.

Sources: Automotive News, Saab

Billy
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