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Thursday, 28 July 2011

Struggling Saab says it will miss payroll again

Struggling Swedish car maker Saab said on Tuesday it cannot pay almost half of its workforce this month because it has not received the funds it had expected, reviving fears about its precarious finances.

Saab has lurched from one cash crisis to another in recent months, seeking funds so that it can restart production.Vcommindia News

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