UPDATE1 – Saab: Production still down Wednesday morning – updating image

Saab had to halt production yesterday due to possible parts shortages, but the company said it will restart production Wednesday. However, Wednesday morning the production was still down.

Apparently, not all of the company’s suppliers have been fully paid, which could account for the lack of components. Saab says it fully expects things at the company’s plant to be back on track by the end of the week.

Spyker shares fell 10.5 percent on Tuesday, trading at their lowest level in more than eight months. Spyker is to change its name to Swedish Automobile from June 15.

Update1: Thursday 9 Jun

A local branch of Swedish public radio in western Sweden, where Saab’s Trollhättan plant is located, meanwhile reported that workers had been told there would be no production for the remainder of the week.

Some suppliers meanwhile are reportedly still waiting for payments from Saab

– updating