11:26 ET<\/span><\/span><\/p>\nSwedish carmaker Saab plans to resume production within a week after its parent company Spyker Cars secured a 30m euro ($45m; \u00a327m) loan.<\/p>\n
The short-term funding has come from the investment fund Gemini.<\/p>\n
Work at Saab’s Trollhattan plant has been suspended since 6 April after suppliers refused to deliver parts, citing lack of payment.<\/p>\n
Saab said it would now be able to restore confidence, but added it still needs to secure longer-term funding.<\/p>\n
In addition to the six-month loan from Gemini, Spyker is seeking to borrow a further 29.1m euros from the European Investment Bank (EIB).<\/p>\n
The EIB gave Spyker a 400m euro loan in 2010 to help fund its purchase of Saab from General Motors of the US.<\/p>\n
Victor Muller, chief executive of Spyker and chairman of Saab, said in a statement on Monday: “I would like to apologise to our dedicated employees, suppliers, dealers and customers for the disruptions of the past weeks.<\/p>\n
“We will do everything in our power to restore the confidence in our company as soon as practically possible.”<\/p>\n
Spyker had been in separate funding talks with Russian businessman Vladimir Antonov, and a number of Chinese car manufacturers.<\/p>\n<\/div>\n
Continued here:
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