GM Europe To Set Up Tool For Payment Of Saab Suppliers
February 20 2009 - 8:38AM
Dow Jones News
General Motors Europe said Friday it will set up a mechanism for
the timely payments of suppliers' claims toward Saab Automobile AB
(SAAB-B.SK).
GM is committed to maintaining a viable global supplier base
during Saab's reorganization, GM Europe said in a press
statement.
This gesture will encourage suppliers to support Saab's
reorganization as a fully independent business, it said.
"During the reorganization, Saab Automobile AB will continue to
operate as usual," the statement added.
-By Frankfurt Bureau, Dow Jones Newswires; +49 69 29 725 500;
djnews.frankfurt@dowjones.com