Swedish Retailer Dumps Saab

By: AP
By: AP

Holmgrens Bil CEO Benny Holmgren says his company can no longer take pride in representing the Dutch-owned, Trollhattan-based, brand.

"We feel we can't, or don't want to, support Saab's actions when it time after time doesn't live up to its commitments toward customers, retailers and suppliers."

Saab salary payments were delayed in June and July. Holmgren says the hiked board remunerations therefore feel "incredibly alien."

Saab spokeswoman Gunilla Gustavs confirmed the board remuneration had been increased but said board members have taken no money since around April, when Saab's production went idle.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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