Dutch car maker Spyker Cars (SPYKR.AS) raised doubts over whether it could quickly agree a cash injection for its Swedish brand Saab, ahead of talks on Tuesday with the European Investment Bank (EIB). Production at Saab has been halted for more than two weeks after it failed to pay suppliers' bills, sparking questions over the carmaker's future if the shutdown continues for much longer. The EIB has agreed a deal in principle with the company to ease its cash crunch, but Spyker has objected to the bank's conditions. The EIB has provided 217 million euros in loans to Saab, which the Swedish government has guaranteed. "It is not yet certain whether the above parties will be able to fulfil all of the conditions of the EIB and finalise the sale of Saab Property within a short timeframe," Spyker Cars said in a statement.
Source
