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on parts.....SWade writes Posted by JohnA [Email] (#426) [Profile/Gallery] (more from JohnA) on Wed, 26 Oct 2011 19:25:07 In Reply to: Not quite true, MI-Roger [Profile/Gallery] , Wed, 26 Oct 2011 16:23:12 Members do not see ads below this line. - Help Keep This Site Online - Signup |
Saab Automobile Parts AB (Saab Parts) is a wholly owned subsidiary of Saab Automobile AB responsible for the sales of Saab spare parts and accessories. It is important to note that Saab Parts, whilst being owned by Saab Automobile, is a separate company under law and is not part of Saab’s reorganisation. Saab Parts is a profitable and cash generating business.
The shares of Saab Parts are currently pledged to the Swedish government as security for the EUR 400m loan facility granted to Saab by the EIB. Under the security requirements from and controlled by the Swedish National Debt Office, Saab Parts operates under strict rules. i.e. it keeps its own accounts, it has minimum working capital requirements etc. If there were to be any future insolvency event, Saab Parts will continue to operate as an independent entity for many years supporting Saab customers with parts and accessories.
Inside Saab Q&A – The Answers (part 1)
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