Our Daily Saab: No Salaries (Blame The Chinese). And A Duncecap For Saabsunited

It has become a tradition at the „iconic” Saab: For the sixth month in a row, former carmaker Saab can’t make payroll. Saab employees did read the familiar note on their website today that salaries are “delayed.” Their head of HR, Johan Formgren, told them that sadly, he cannot “confirm any exact date when the salaries will be paid.” Saab spokesman Eric Geers told the media that he also does not know when wages will be paid. And who is to blame? Victor Muller? Fugitive Valdimir Antonov? All-around-whipping post GM?

No way. It’s the Chinese.

In a text message cited by Göteborg Expressen, Victor Muller writes:

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Saab Wants To Sell Shares To Meet Payroll. Union: "We Have Not Seen Any Money Yet"

Swedish Automobile NV, the artist formerly known as Spyker, and owner of struggling Swedish car maker Saab, said today it plans to issue new shares to raise cash in order to meet overdue payroll. Response of the union: “Show me the money.”

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The End Is Near: Saab Can't Meet Payroll

And this is how it usually ends. Saab spokesperson Gunilla Gustavs said “it is regrettable to have to notify staff of the day before midsummer,” that Saab is unable to pay this months wages to its employees. What’s more, Saab has no idea if and when it will send out paychecks again. “It is impossible to make any sort of forecast, except to repeat that the company is trying to solve this as quickly as possible,” said Gustavs to the wire-service TT [via TheLocal].

Saab employees were told via email this Thursday morning that no money will hit their accounts by month’s end.

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  • HotRod It took longer than it should have, but I respect VW for openly acknowledging the system's numerous flaws. Hearing that they intend to bring back physical controls for commonly used features, and that they wish to standardize them across their lineup was the biggest surprise in VW's announcement. It's just so sensible. Rather than using completely different configurations of physical buttons, capacitive controls and touchscreens for every single model, Hyundai/Kia/Genesis would be wise to consider a similar strategy.
  • Zerofoo Ugh - a MKIV VW. Heavy, slow and terrible interior durability to boot. The 1.8t in these things had awful lag, and was made worse by owners swapping K03 for K04 turbos.No Thanks.
  • Oberkanone I'm into it. An occasional trip on the WABAC machine is of interest to me.Thinking of Nissan I have to suspect being an underachiever is their goal. Not since the SE-R has the Sentra been class leading. "Most likely to be a rental" is as appropriate in Nissans yearbook in 2022 as it was 2012.
  • EBFlex Quality though? Was never on the table at Ford.
  • Oberkanone Prefer Trail Duster on rarity basis. Here is a nice one. 1979 Plymouth Trail Duster Sport 4x4 for sale on BaT Auctions - closed on May 14, 2020 (Lot #31,407) | Bring a Trailer