Supplier Stops Delivery to Saab

by Robert Farago

Published: February 19th, 2009

More news from Sweden:

“On thursday, supplier P-E Plast stopped their delivieries of parts to Saab in Trollhättan.

The owner, Patrik Ekwall, who runs the company since some months back, is afraid he won’t get paid for his deliveries, reports Swedish Radio (SR).

At Saab, no one answered when he phoned them. “We are wating for a reply” he says.

The last month, P-E Plast has delivered parts for 400 000 kronor (around 80 000 dollars) to Trollhättan. The company makes plastic details for the car industry, and a third of its sales goes to Saab.

In spite of the current circumstances, Patrik Ekwall hopes to keep the eleven employees.”

[thanks to Ingvar for the link and translation]

Robert Farago

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4 of 11 comments

Ingvar on Feb 20, 2009
"He will save Saab" "The lawyer Guy Lofalk will be head of the reconstruction. Guy Lofalk has a long experience of company reconstructions. Among his previous works are the reconstruction of the paper company Klippan in 2005, with 850 employees. that is so far the biggest reconstruction made in Sweden. In a recent interview with E24, he was very critical against companies and their board of directors in general, who he believes acts too passively and refrains from the need of acting from a worst case scenario. The knowledge of what a reconstruction may be able to achieve is low amongst the boards, is his experience. The board of directors usually acts too late, and let the companies slide for far too long before they even consider a reconstruction, Guy said to E24. The court does have to ratify the proposed reconstructor, something that is done in most cases without further a due." http://www.e24.se/branscher/verkstadsindustri/artikel_1107659.e24

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Stein X Leikanger on Feb 20, 2009

Can't add comments to the top story now, about Saab declaring bankruptcy. That's not what has happened - and it's not really a fine point, since Swedish reconstruction accommodation protects companies against being declared bankrupt. For all practical purposes it does mean "dead brand walking" since consumer confidence will evaporate no matter what you call it.

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Mpresley on Feb 20, 2009

I really enjoyed my 9-3 until it started to fall apart prematurely (or maybe they are supposed to fall apart early). Anyhow, I'm glad I sold it two years ago. I"m guessing one can buy a Saab pretty cheap, now?

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Cwallace on Feb 20, 2009

The Hummer dealer down the road from my office has a few new Saab 9-3s materialize on their front row a couple of days ago. I don't know how they can stack anything else on that lot-- they seem to have the same H3 trucks out there from the initial rollout.

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