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Saab paying workers again after car finance order

The workers of struggling car firm Saab have finally been paid their wages thanks to a sudden influx of 583-car orders. The Swedish company has been suffering from a stupendous amount of car finance troubles of late

The workers of struggling car firm Saab have finally been paid their wages thanks to a sudden influx of 583-car orders. The Swedish company has been suffering from a stupendous amount of car finance troubles of late, and the latest debacle was regarding the company being unable to pay its hard working staff.

Thankfully, though, the €13m order has saved the day, but mystery surrounds who place the order. The unidentified Chinese buyer could be the investors Pang Da or Youngman – who have already invested in Saab. But the company is keeping tight-lipped for now.

Victor Muller, CEO of Saab Automobile and Swedish Automobile, said: "I am pleased to announce this agreement, as it secures part of the necessary short-term funding for Saab Automobile and allows us to pay our employees' wages before the end of this month.

"We very much regret the current cash shortage which is causing undeserved hardship to all and we are working relentlessly to resolve the current situation. We hope to secure additional short-term funding, necessary to reach agreement with all of our suppliers to restart production, soon."

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