Struggling Swedish carmaker Saab will keep its production lines halted until it secures an agreement with remaining suppliers as it negotiates more funds, Dutch owner Spyker (SPYKR.AS) said on Thursday. Saab was shut down for most of April and May and only got output going again on May 27 after reaching a deal with Chinese auto dealer Pangda (601258.SS) to purchase 30 million euros worth of cars. Pangda later signed for 15 million euros more of vehicles. Spyker Chief Executive Victor Muller told ANP-Reuters he expected production would be down days rather than weeks and said the Pangda deal was not at risk of falling through. The new stoppage began on Tuesday and on Wednesday the company had said it was making a judgment day by day on production. Saab is trying to ensure a steady flow of components but Muller said some suppliers were demanding upfront payments instead of accepting credit lines.
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