Zeewold, The Netherlands – Saab will not resume production on August 9, 2011 as originally intended due to a lack of funding and supplies.

The automaker said that it is continuing discussion with its supplier base on material supply and delivery terms in order to be able to resume production. The company is also continuing discussions for further short-term funding to be able to restart and sustain production. The restart will be postponed until a full commitment on delivery plans can be secured, Saab said.

“I am positive about the progress we made on the payment terms with our suppliers and it is good to see that we all want to make it work,” said Gunnar Brunius, vice-president of production and purchasing. “What we need now is a full commitment on supply of parts into our factory to be able to restart production and secure a stable manufacturing operation. We are now working hard with our suppliers to nail down these plans, commit to a delivery schedule, and start building the close to 11,000 cars that we currently have in our order books.”

Brunius said that an industry-wide summer break caused difficulties for key suppliers being able to provide materials in time.

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