Saab: Antonov still wants Saab stake image

Vladimir Antonov, the Russian businessman said on Wednesday he still wants to take a 30 percent stake in troubled Swedish carmaker Saab.

“All we ask is to own 30 percent,” Antonov told journalists.

On the same time, Saab said on Monday its Trollhattan factory in southern Sweden would be idle for two more weeks after having stood still for most of April and May because it could not pay its suppliers and ran out of parts.

Saab’s Monday offer to delay full payment of its debts to suppliers until mid-September was the final straw for i3tex, which had already been suffering from an acute lack of liquidity.

“We had a payment agreement with Saab, which they didn’t keep,” said Staffan Grasjo, deputy chief executive of i3tex.

“They clearly do not have the means to settle their debts,” he said.

Last week, Saab owner Spyker cars said it has reached agreement with two Chinese firms to invest a total of £214m in the firm.

Under the non-binding deal, Zhejian Youngman Lotus Automobile would invest 136m euros for a 29.9% stake in Spyker.

Pang Da Automobile would increase its investment to 109m euros, retaining its previously agreed 24% stake.