Saab Cars North America told its dealer council last week that the automaker remains on track with product plans as it seeks additional funding for automotive operations.
Spyker Cars NV, the Dutch parent of Saab, said the Swedish automaker's financial situation is worsening and warned that Saab's future is at risk without additional financing.
Kurt Schirm, chairman of the Saab National Dealer Council and dealer principal of International Motors in Falls Church, Va., said the company told dealers the future of the brand is still secure.
"Things are in the works to secure the future of the brand," Schirm said.
Executives told dealers that short-term cash flow issues have been resolved, and that there is no change in the cadence of new vehicles.
The 9-4 will debut in June as planned, followed by the 9-5 Sports Combi wagon this fall and the 9-3 next year.
"They are very far long in the process of resolving their long-tem cash flow with significant outside investment from a number of different sources," Schirm said. Those actions "will stabilize Saab for the long haul. This will mostly come in the form of equity investment as opposed to debt investment," Schirm said.
In its annual report released Friday, April 1, Spyker said the company's "continuity" could become uncertain unless it secures funds to finance ongoing operations and the execution of its business plan.
Last week Saab had to shut down production for short intervals after key suppliers halted parts deliveries for nonpayment.
Through March Saab sold 2,069 vehicles, compared with 739 a year earlier, when it was still affiliated with General Motors.
Rick Kranz contributed to this report