Saab Automobile AB announced today that it has filed for reorganization in Sweden. In response to the concerns received from Saab’s supplier base, General Motors Europe will promptly establish a viable mechanism for the timely payment of suppliers' claims towards Saab.

"GM is fully committed to maintaining a viable and successful local and global supplier base during the Saab reorganization," said Bo Andersson, GM group vice president for Global Purchasing and Supply Chain.

GM hopes this gesture will encourage suppliers to support efforts to help Saab reorganize into a fully independent business. During the reorganization, Saab Automobile AB will continue to operate as usual.