General Motors Saab-paid debt

Source: KFZ-Betrieb

General Motors Saab-paid debt
Production should be secured

General Motors (GM) debt to its Swedish subsidiary Saab insolvent immediately settle and so the continuation of production. GM purchasing chief Bo Andersson announced on Monday in an interview with the Stockholm Economic newspaper "Dagens Industri" to that of the self struggling to survive his parent company 1.3 billion kroner (113 million euros) to transfer to suppliers. They include the Indian steel group Arcelor Mittal and ThyssenKrupp in Germany. In the previous week had the Saab production day for non-payment of debts to the customs interrupt.
The relatively small Swedish carmaker wants as well as the GM German subsidiary, Opel regardless of the previous parent company survive. After the application for creditor protection before one week, the production with 4,100 employees for the time being three months under the supervision of an insolvency administrator to continue. Saab is in the beginning this week in Geneva Motor Show its new model before the 9-3X.