Sweden's Saab Automobile has announced that the company's automotive assembly plant in Sweden, the cut-off date will be extended to or after the end of August 2011, Saab Automobile companies are now efforts to negotiate with suppliers to resolve component supply problems.

    It is understood that from April this year, Saab Automobile's production almost completely stopped. Saab car company in late March and parts suppliers are in a dispute, resulting in parts supply interruption. As Saab's inability to repay money owed suppliers, its factories in Sweden began to fall into the indefinite shutdown, to the end of June, Saab and even unable to pay wages and to the edge of bankruptcy.

    Saab GunnarBrunius vice president in charge of production, said: "As the automotive industry summer shutdown, the main auto parts supplier can not provide at this time for our spare parts supply."

    Saab Automobile company was July 7, said the company and its suppliers are close to consensus, and plans to August 9, 2011 to restart the plant production activities. At that time, Saab 255 million kronor (39.6 million) real estate sale and leaseback scheme received government approval in Sweden.

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