Saab is in trouble? Unpaid suppliers shut down the assembly line for lack of payment

Unpaid suppliers shut down the assembly line for lack of payment on overdue bills from Saab. The Saab Sweden plan got back to normal after a day long shut down that was sparked when suppliers refused to deliver parts because of outstanding bills that Saab hadn't paid. Saab officials said they were working to "resolve" the bills but the shut down may well be a sign of Saab's continuing financial problems, according to a recent article in the Detroit Bureau. After the GM bankruptcy in 2009 the Saab operation starting shutting down when the Spyker company came along and bought it up. Spyker was then a builder of low-volume supercars. Since starting back up again though, Saab has struggled to get back in the black and rebuild a dealer network that ended up being mostly empty buildings. Then, in February this year Spyker sold the operation to Russian businessman Vladimir Antonov and that was quickly followed by the announcement of a $200 million loss. Then, just weeks ago, the Saab CEO announced plans to retire. Talk about a sinking ship. The Russian businessman, though, says he thinks the company can make a profit as a low volume builder of cars. Problem is, of course, it has to keep those parts coming to stay in business. And that means paying suppliers. And that means selling cars to get the money to pay suppliers. And that means having a network of dealers. And that means having models of cars for them to sell. It's a vicious circle that so far hasn't been successfully mastered. We hate to see any car company go under, anytime. But GM and Chrysler certainly taught the American public that "business is just business" so when you get ready to buy a new car, be careful you don't end up sobbing over your Saab. Meanwhile, if you've got a lemon Saab, maybe you want to get rid of it quick - while there's still a company to try to get your money out of.

Burdge Law Office

Because life's too short to drive a lemon.

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Known nationwide as a leading Lemon Law attorney, Ronald L. Burdge has represented literally thousands of consumers in "lemon" lawsuits and actively co-counsels and coaches other Consumer Law attorneys. From 2005 through 2018, attorney Ronald L. Burdge has been named as the only Lemon Law Ohio Super Lawyer by Law and Politics magazine and Thomson Reuters Corp., Professional Division. Burdge restricts his practice to Lemon Law and Consumer Law cases. The Ohio Super Lawyer results are published annually in the January issue of Cincinnati Magazine. Ronald L. Burdge was named Consumer Law Trial Lawyer of the Year 2004 by the National Association of Consumer Advocates, the nation's largest organization of consumer law private and government attorneys. "Your impact on the auto industry has been magnified many times over because of the trail you blazed for others," stated NACA's Executive Director, Will Ogburn. Burdge has represented thousands of consumers in Ohio, Kentucky and elsewhere since 1978 and is a frequent lecturer to national, state and local Bar Associations and Judicial organizations. Burdge is admitted to Ohio's state and federal courts, Kentucky's state courts, and Indiana's federal courts. Other court admissions are on a "pro hac" temporary, case by cases basis.