Swedish Regional Government Demands $15.9 Million in Debt from Saab

<a href="http://trends-automotive.blogspot.com/2010/09/swedish-regional-government-demands-159.html"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5520195604029371058" src="http://4.bp.blogspot.com/_FoXyvaPSnVk/TJusp5TX8rI/AAAAAAADVQw/IfOSZYcWLPo/s800/Saab-9-5-1.jpg" style="display: block; margin: 0px auto 10px; text-align: center; cursor: pointer; width: 645px; height: 349px;" /></a><br /><span style="font-family:Verdana;">A local government authority in Sweden is seeking to recover US$15.9 million from Saab, even going so far as to enlist a government debt collector.<br /></span><p></p><p><span style="font-family:Verdana;">Vastra Gotaland, where Saab's main production plant is located, covered worker wages to the tune while the company was in administration. Now that Saab has its very own 'Daddy Warbucks' in the form of Spyker, the regional government wants its money back.<br /></span></p><p><a name="more"></a><a href="http://1.bp.blogspot.com/_FoXyvaPSnVk/TJustlvRx9I/AAAAAAADVQ4/bXhO-N-W83Y/s1600/Vm_Company_205x205.jpg"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5520195667497174994" src="http://1.bp.blogspot.com/_FoXyvaPSnVk/TJustlvRx9I/AAAAAAADVQ4/bXhO-N-W83Y/s200/Vm_Company_205x205.jpg" style="float: right; margin: 0pt 0pt 10px 10px; cursor: pointer; width: 83px; height: 120px;" /></a><span style="font-family:Verdana;">Spyker / Saab believes it should only have to pay part of the debt as it was underwritten during the administration process. Vastra Gotaland disagrees. Spyker CEO Victor Muller told Reuters news that he is unworried:<br /></span></p><p><span style="font-family:Verdana;">"Just a legal dispute that will [be] dealt with in the appropriate way. Nothing of concern."<br /></span></p><p><span style="font-family:Verdana;">We'll see how this plays out in the next few weeks and keep you updated on any new developments.<br /></span></p><p style="font-style: italic;"><span style=";font-family:Verdana;font-size:85%;" ><span style="font-weight: bold;">By Tristan Hankins</span><br /></span></p><p><span style="font-family:Verdana;"><span style="font-size:85%;"><span style="font-style: italic;">Source: <a href="http://www.reuters.com/article/idUSLDE68L0ED20100922" style="color: rgb(51, 51, 51);">Reuters</a></span></span><br /></span></p><br /><br /><br /><a href="http://4.bp.blogspot.com/_FoXyvaPSnVk/TJusl4_XYmI/AAAAAAADVQo/V4wSeSWb3fI/s1600/Saab-9-5-2.jpg"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5520195535225971298" src="http://4.bp.blogspot.com/_FoXyvaPSnVk/TJusl4_XYmI/AAAAAAADVQo/V4wSeSWb3fI/s400/Saab-9-5-2.jpg" style="float: left; margin: 0pt 10px 10px 0pt; cursor: pointer; width: 400px; height: 267px;" /></a>

Swedish Regional Government Demands $15.9 Million in Debt from Saab

A local government authority in Sweden is seeking to recover US$15.9 million from Saab, even going so far as to enlist a government debt col...

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