STOCKHOLM (AP) — Ailing Swedish car maker Saab has delayed salary payments to its staff for the third month in a row as it continues to struggle to fund its operations.
Saab spokeswoman Gunilla Gustavs said Thursday it is unclear when payroll is expected to run smoothly again, but it will be done "as soon as we have short-term funding solutions in place."
Saab's financial difficulties — due to hefty debts and dwindling sales — have left the company's Trollhattan-based plant in southwestern Sweden idle for months. Salaries were also delayed in June and July, but have now been paid.
Although the company has been criticized for hiking board member remunerations amid the crisis, Gustavs says the board hasn't received any compensation since early 2010.