In what I hope will be the last and final update on the supplier debaucle of 2011, Reuters interviewed Eric Geers who updates us on what Saab production is like this morning:
“We have solved all the issues with IAC,” said spokesman Eric Geers. “There was an agreement yesterday evening so this morning the plan is to ASAP get going on production.”
IAC had stopped deliveries due to the dispute. Saab was also forced to halt production earlier this week due to another payment dispute with transport company Schenker.
Christer Palm, Chairman of Sweden’s FKG association of car industry suppliers, said he had not heard of any new issues that could hold up production again, though he believed suppliers were somewhat cautious given this week’s payment disputes.
“I have spoken with some of the other suppliers and they seem to be satisfied even if there may be some delays,” he told Reuters, noting that the delays were a matter of days rather than weeks.
“There is no acute problem that I can see at the moment.”
Geers said Saab hoped to get back to its more than 200-car-a-day production capacity as soon as possible.
Meanwhile Spyker has announced that they’re far along in negotiations and talks with banks (that Victor says does not include Conversbank) on finance relief that will help its funding going forward. From DJI:
Spyker said that its now seeking “some direct relief” through additional funding, “in form of equity or similar facilities.” The Dutch car maker added that negotiations on possible financing deals are “in an advanced stage.”
“Management is accordingly confident that it will be able to generate the necessary additional funding and expects to be able to come with further announcements soon,” Spyker said.
Also included in the report was some good sales information:
Saab said separately registered sales of Saab cars in Sweden, one of its top markets, had risen 129 percent in March to 888 units from a trickle last year as the company’s fate hung in the balance.
We’ll have more on Swedish sales data in addition to other markets as it becomes available.