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Saab suffers another car finance disaster!

Oh dear, the news just keeps getting worse and worse for Swedish car maker, Saab. The firm, who’s had a horrid time of late, has announced that the production line has grinded to a halt and it can no longer afford to pay its workforce.

Oh dear, the news just keeps getting worse and worse for Swedish car maker, Saab. The firm, who’s had a horrid time of late, has announced that the production line has grinded to a halt and it can no longer afford to pay its workforce. This new car finance disaster has come after attempts to create some funding have gone from welcomed to desperate.

The failure to obtain funding from Chinese firms has meant that Saab’s cash flow is at an all-time low. It’s been rumoured that even if the company manages to secure funding, its long term security won’t be saved. Let’s hope Saab and its investors can sort this one out and pay the workers who have given so much for the brand and the company.
 

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