I hope the Swedish press is reporting this as much as last week’s events.
Reuters are reporting that GM have now sorted out and set aside cash to cover Saab’s parts costs:
General Motors (GM.N) has put aside 1.3 billion crowns ($144 million) to pay suppliers to its Swedish Saab Automobile unit, which was granted protection from creditors in February, daily Dagens Industri said on Sunday.
GM supply manager Bo Andersson said in an interview that the U.S. firm would begin on Monday to pay bills left unsettled when Saab was granted protection from creditors on Feb. 20.
“We don’t have any problems with deliveries to Saab now,” Andersson said
I assume that covers outstanding debts.
It’s not all, though.
The paper said GM on Friday had also handed over 1.4 billion crowns to Guy Lofalk, the man appointed to restructure Saab, to keep the company operating.
This is good news, providing Saab with some stability in the next while as they go through the reconstruction process.