BMW sues Saab for 2.6 Million Euros debt due to unpaid parts deliveries

FoxBusinessNews reports the rumor that BMW is filing a legal case against Saab, a Swedish car manufacturer that is now bankrupt, because of failure to pay for spare part deliveries. A purchase agreement was signed between the two automakers in September 2010. The agreement covered four-cylinder engines, spare parts and other components. But Saab were not able to pay for all the deliveries because of their financial difficulties.  BMW contends that Saab is liable for the unpaid deliveries, even if Saab already filed for bankruptcy.

Lennart Stahl, Chief Executive of Saab Automobile Parts AB, denies the claim. “Saab Automobile Parts AB have not ordered or received any spare parts or components from BMW,” he said. “Why would a spare part company order components for a car model that’s not yet in production?” Saab Automobile Parts AB is still in operation, thanks to state-backed guarantees for its loans in the European Investment Bank. Bankruptcy filled papers point to a $2 billion debt for Saab. BMW has not yet issued a statement about this.