Saab Automobile Loans
Saab Automobile requesting a loan facility to Sweden’s national debt office. And they agree to guarantee and attract more money to Saab of €400 million or registration ($ 565 million) in EIB loan facility. approval of such application by the Swedish due to the deal to help to buy a Saab Spyker for last year from General Motors Co.
Debt office spokeswoman Marja Lang who oversaw state-backed guarantee on the loan and the EIB said that “we accept the proposal last night and after the process quickly we decided to give the Saab warranty.Funds must be determined on a project basis, in accordance with the loan agreements.
IAC Chief Executive Mark Nyman says “Total Balance is now big enough, we must make this decision to protect our interests and other customers”
IAC is the supplier of interior components, such as the dashboard and the door, but until recently the car maker has not been able to provide a guarantee when it will be able to pay the amount of existing debt, the IAC did not see another choice but to stop supplying.
Car makers to stop production for the period Tuesday and Wednesday due to some suppliers refused to provide spare parts as components of and bills unpaid, this gave rise to questions about the financial situation of Spyker.