Saab Says it Can’t Pay Workers, Company’s Survival in Doubt

New clouds are forming over Saab as the automaker’s parent company, Swedish Automobile N.V., formerly known as Spyker Cars N.V., said on Thursday it will be unable to pay its 3,800 employees their wages because it has not yet obtained the necessary short-term funding.

Swedish Automobile said it and Saab “are in discussions with various parties” to secure short-term funding, including through a sale and lease-back of Saab’s real estate assets.

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Saab Production on Hold for at least Two More Weeks

Ailing Swedish car manufacturer Saab will not be producing new vehicles for at least two more weeks until it resolves the problems with its suppliers, the company said on Monday.

"There will be no normal production during weeks 25 and 26 (June 20th-July 3rd)," Saab spokeswoman Gunilla Gustavs told Reuters. "We are still negotiating with all suppliers and we need to get everyone on board at the same time. The weeks of 27-29 (July 4th-24th) are planned to be normal working weeks".

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Saab Temporarily Suspends Production Again while it Seeks Parts

The on-off production drama over at Saab’s Trollhättan facility in Sweden continues as the troubled automaker said Wednesday that it temporarily halted production due to a lack of components from its suppliers only two weeks after resuming making cars following a seven-week shutdown.

Saab said that it anticipated production hiccups in the start-up phase, as the supply chain still is not fully operational with some suppliers holding back until they get paid and others trying to re-stock.

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China’s Pang Da Places a New €15 Million Order for Saab Vehicles

Chinese distributor Pang Da Automobile is pumping more cash into Spyker NV's ailing Swedish unit Saab by placing a new order for 630 vehicles valued at €15 million or US$21.5 million. This latest order comes after an earlier one last week for 1,300 cars worth €30 million (US$43.2 million) and is part of a broader deal in which Pang Da agreed to buy a 24 percent stake in Saab’s parent company Spyker for €65 million (US$93.5 million).

The Swedish automaker said that as with the first order, Pang Da will pay the additional €15 million order up front with the funds expected to be received by the end of this week. Delivery of the vehicles ordered by Pang Da will start in the fall of this year.

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What Lies Ahead in Saab’s Future?

Saab is in trouble. With mounting debts and limited capital investment, the Swedish company is a prime candidate to go the way of the dinosaurs. The troubled automaker has not built a single vehicle since the 1st of April, and a much touted deal with China’s Hawtai Motor Group has fallen through. They did however sign a Memorandum of Understanding (MoU) with another Chinese company called Pang Da Automobile Trade Co. Ltd, earlier this week, but we will have to wait and see if the deal goes through.

In light of this, I’ve thought up four plausible (though unlikely) scenarios for Saab. These range from the hugely cynical all the way to the brazenly optimistic. After all, isn’t it better than Saab has some future rather than no future at all? Without further ado, here are your options:

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New Saab 9-3x Crossover on Video

Saab is joining Audi, Subaru and Volvo in the high-riding station wagon segment with the presentation of the new 9-3X Crossover that will be officially unveiled at the Geneva Motor Show. We have already posted all the initial details and photos of the 9-3X, so unless you missed out - if that's the case, then click here, we'll let you follow the jump to watch the first official video of the car that was filmed somewhere in Southern Sweden.

Saab's New 9-3X Crossover Officially Revealed - High Res Image Gallery

These are the first official photos of the new Saab 9-3X, a 'crossoverish' station wagon in the style of the Audi A6 Allroad and Volvo XC70 that will make its debut at the forthcoming Geneva Motor Show. Based on the station wagon variant of the 9-3 that Saab calls Sport Wagon, the 'X' model will be available with either a 210HP 2.0 liter turbocharged petrol engine combined with the firm's XWD four-wheel-drive system or a 180HP 1.9-liter TTiD diesel engine with front-wheel drive.

In terms of performance, the 2.0 Turbo XWD which is available with both a six speed manual and automatic transmission can accelerate from 0–60 mph (96 km/h) in 8.2 seconds (Auto: 9.1 sec) and reach a top speed of 143mph - 230 km/h (Auto: 137mph). The front-wheel-drive only diesel variant performs the 0 to 60 mph sprint in 8.3 sec (Auto: 8.8 sec) and has a top speed of 137mph - 220 km/h (Auto: 134mph).

As is the case with other vehicles of this sort, compared to the standard 9-3, the ride height has been raised by 35mm on the 2.0 Turbo XWD model and 20mm on the FWD diesel version. But that's about all that's mechanically different between the 9-3X and its Sport Wagon sibling, as there's no special tires or toughened suspension here.

While it's as much of an off-road model as the standard 9-3 Sport Wagon, Saab's designers have tried their best to make the 9-3X look the part. Protective cladding aside, the 9-3X gets new dark grey bumpers, skid panels with a matt aluminum finish, 5-spoke 17-inch alloy wheels, aluminum-colored lower door strips and roof rails with the same finish

There's no picture of the interior, but Saab claims that the 9-3X's cabin features a unique trim, with dark metallic finish to the door trims, glove box and gearbox surround plus unique sports seating features grey fabric inserts in the black leather upholstery.

Saab 9-3X Crossover Debut Set for Geneva Show

After many delays, Saab will finally lift the covers off the 9-3X at the Geneva Motorshow this March, according to Carscoop sources. The crossover version of the 9-3 SportWagon XWD that was recently unmasked by the good old folks over at Trollhattan Saab will come equipped with standard four-wheel drive as well as raised ground clearance, extra under-body protection, wraparound body cladding, larger bumpers and other SUV-like styling cues. One of the 9-3X's chief rivals will be the Audi A4 Allroad that is also slatted to premiere at the Swiss motorshow.

Pictures via: TrollhattanSaab