The Saab saga continues as the Swedish brand has announced production at the Trollhättan plant will not resume as originally planned.

The Saab saga continues as the Swedish brand has announced production at the Trollhättan plant will not resume as originally planned.

Suppliers are still withholding parts over payment issues, so the company is looking to secure additional short-term funding. As such, production will likely be delayed until late August - at the earliest.

According to Gunnar Brunius, Vice President of Production and Purchasing at Saab, "I am positive about the progress we made on the payment terms with our suppliers and it is good to see that we all want to make it work. What we need now is a full commitment on supply of parts into our factory to be able to restart production and secure a stable manufacturing operation."

In related news, Saab Tools - a subsidiary of Saab Automobile AB - just filed for bankruptcy.

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