The NDO takes over SAAB Parts
January 31, 2012 in News
Not a lot of news came out of the information meeting with the bankruptcy administrators but some things have happened on the Saab Parts front.
A few days ago the EIB loan was paid off by the National Debt Office and now its been announced that the NDO will take over operations of Saab Parts and thus the company will become a government owned and operated company. The current board will be replaced. Saab Parts would still be part of a sale of Saab Automobile AB however if the administrators would fail with a complete sale, Saab Parts could become government owned for many years.
Saab Parts is a very profitable company so it would serve well to repay the debt for the former EIB Loan to the government.