Nice STOCKHOLM – Conditions proposed by the European Investment Bank are stalling plans to secure short-term financing for troubled automaker Saab, owner Spyker Cars said Tuesday.
Spyker said it would meet EIB officials later Tuesday but is also considering other financial options with partners, including Chinese car manufacturers.
Saab desperately needs money to pay suppliers and restart its plant in southwestern Sweden, where production has been at a standstill for three weeks.
Spyker planned to sell the Saab property to Russian businessman Vladimir Antonov but needs the approval of the EIB.
It said the bank has agreed only to a partial sale of the property and wants Saab to refinance the sa shop clothing shoes cheap
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