Zeewolde, The Netherlands – Saab has warned its employees that it may have to delay payment of their August wages.

Swedish Automobile N.V., its parent company, said that “some of the funds that were committed by investors may not be paid in time to effect such salary payments.”

The company has been struggling to find new investment after its suppliers stopped providing parts due to nonpayment, and it missed its restart of production, which was scheduled for early August. Saab said it is taking all necessary actions to collect the funds in time and continue discussions with various parties to obtain additional short-term funding, but said “there can however be no assurance that the necessary funding will be obtained or the funds collected.”

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