The Saab saga is entering another dark chapter as the Swedish Debt Enforcement Agency has begun collection proceedings against the troubled automaker.
The Saab saga is entering another dark chapter as the Swedish Debt Enforcement Agency (Kronofogden) has begun collection proceedings against the troubled automaker.
As part of the process, the agency will conduct an investigation into Saab's bank accounts in an effort to recover approximately $620,000 owed to Kongsberg Automotive and the Infotiv consulting group. While the amount seems somewhat trivial, the case only involves two of the 100+ debt claims levied against the company.
If the debts haven't been paid by the time the agency completes the investigation, which normally takes one to three months, the Kronofogden could request that Saab be declared bankrupt.
In a statement posted on Saab's official blog, the automaker said "The core focus for us, whilst we fully cooperate with this process, is to do the right deal to get our business back on track. That's the one solution to address this issue, and other issues as well."