Thursday 23 June 2011

Summary Box: Saab runs out of cash for wages (AP)

AP - OUT OF CASH: Saab moved closer to bankruptcy Thursday after it conceded that it didn't have any money to pay workers' wages. After months of production stoppages and problems with paying suppliers, the Swedish car company said the situation is so dire that it won't be able to pay its 3,700 employees, raising doubts over how long the brand can survive.


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