GM sets aside $144 mln to pay Saab supply bills

STOCKHOLM, March 1 (Reuters) - General Motors has
put aside 1.3 billion crowns ($144 million) to pay suppliers to
its Swedish Saab Automobile unit, which was granted protection
from creditors in February, daily Dagens Industri said on
Sunday.
GM supply manager Bo Andersson said in an interview that
the U.S. firm would begin on Monday to pay bills left unsettled
when Saab was granted protection from creditors on Feb. 20.
"We don't have any problems with deliveries to Saab now,"
Andersson said.
The paper said GM on Friday had also handed over 1.4
billion crowns to Guy Lofalk, the man appointed to restructure
Saab, to keep the company operating.
((simon.c.johnson@reuters.com; Reuters Messaging:
simon.c.johnson.reuters.com@reuters.net; tel: +46 8 700 1045))
($1=9.040 Swedish Crown)
Keywords: GM SAAB/SUPPLIERS

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