Friday, May 27, 2011
Saab Returns from the Dead�Again, Restarts Production at its Trollh�ttan Factory
Saab is back in the business of making cars again -at least for now- almost two months after production came to a halt on April 6 when the company�s suppliers stopped deliveries of parts in protest over unpaid bills. The Swedish company was able to restart production after receiving �30 million (US$42.8 million) in advance on a deal it has signed with Chinese car distributor Pang Da Automobile.
The China company�s CEO, Mr. Pang Qinghua, visited the Trollh�ttan factory today together with CEO and Chairman of Saab Automobile, Victor Muller, and witnessed the first vehicle to roll off the assembly line. Saab said around 100 cars were built today but plans to �increase the daily production rate in the coming weeks in parallel with the full re-establishment of the supply chain�.
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