STOCKHOLM, June 21 Troubled Swedish carmaker
Saab, owned by Netherlands-based Swedish Automobile ,
said on Tuesday it had offered a deal to suppliers over unpaid
debts in an effort to get production restarted.
Saab said on Monday its Trollhattan factory in southern
Sweden would be idle for two more weeks after having stood still
for most of April and May because it could not pay its suppliers
and ran out of parts.
"Yesterday we handed out a proposal to the suppliers that
had to do with production activities," Saab spokeswoman Gunilla
Gustavs said, declining to comment on details of the proposal.
Swedish business daily Dagens Industri reported it had seen
a letter in which Saab proposed repaying 10 percent of its debts
to suppliers when production starts and cash on delivery until
mid-September, when it hopes to pay off the remainder of what it
owes with interest of 6 percent.
"We need your full commitment to this to be able to move
forward," the paper quoted Saab chief executive Victor Muller as
saying in the letter.
Dagens Industri wrote that suppliers had to respond by today
to the proposal.
In recent weeks, Saab has agreed a rescue package from two
Chinese car companies, Zhejiang Youngman Lotus Automobile Co and
Pangda , that will solve its mid and long-term
financing problems, if approved by authorities in China and
Short-term financing, however, remains a problem.
(Reporting by Helena Soderpalm; Editing by Will Waterman)