The Swedish government intervenes in one of Saab's bank accounts

Saab remains between a rock and a hard place, desperately seeking a solution to its liquidity problems and the virtual paralysis it finds itself in. The Swedish government body responsible for ensuring that Saab pays what it owes has begun by intervening in a bank account of the company with a Swedish bank.

And after digging deeper, the Swedish government found that Saab had 552,000 euros deposited at Skandinaviska Enskilda Banken, which is enough to pay the first four creditors in line.

However, this amount is nothing compared to Saab’s accumulated debt, since 19 other creditors are still pressing for payment.

With car production halted, investors turning their backs on it and almost no cash on hand, Saab continues to fight for a way out, but all doors are closing on it.

Update: a few minutes ago, a North American investment firm announced that it could confirm an investment in Saab of between 250 and 350 million euros, which would be officially confirmed within 15 days. This would indeed be a major breather for the battered Saab.