Saab says factory will remain closed

SWEDISH car maker Saab warned that production will remain halted for a further two weeks as it struggles to find money to pay its suppliers.

Output at its Trollhattan site had restarted briefly last month but work quickly stalled again after the factory ran out of spare parts.

Saab, owned by Dutch firm Spyker, recently signed a rescue deal with two Chinese car makers, which - if approved by Beijing - will guarantee its long-term future. In the short term, Saab hopes to sell its factory to fund its car production.