Zeewolde, Netherlands – Saab is unable to pay its employees’ wages as it has not yet obtained the necessary funding. The announcement was made by Swedish Automobile, formerly Spyker Cars, the company’s owner.

Swedish Automobile and Saab are in discussion with various parties to obtain short-term funding, including selling and then leasing back Saab’s plant. The discussions are ongoing, but in a statement, the company said, “There can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.”

Saab has ongoing negotiations with its suppliers to reach agreement on payment terms to resume an orderly flow of parts and components.

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