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" During the recent New York Auto Show, I made the comment to a colleague that Saab&amp;#039;s press conference might be its last ever. The Swedish automaker, now fully independent after years under GM&amp;#039;s corporate umbrella, has struggled to find its footing. The Saab factory in Trollh\u00E4ttan, Sweden, has been mostly idle since late March due to a lack of funds to keep operations going. At center-stage on the company&amp;#039;s stand in New York was the Phoenix concept car, a dramatic coupe that is supposed to signal the future design direction of the brand. But the main theme was the state of the company&amp;#039;s finances. CEO of Spyker and chairman of Saab Automobile, Victor Muller, compared the company&amp;#039;s struggles to that of a child learning to walk and &amp;quot;falling on its face.&amp;quot; Saab Automobile has picked itself up \u2013 at least temporarily \u2013 and promises to resume production &amp;quot;within a week&amp;quot; after securing 30 million euros ($44 million) worth of funding from Gemini Investment Fund Limited. According to Saab, the company will also make a drawdown request to the European Investment Bank for an amount of 29.1 million euros ($43.1 million). In the press statement, Victor Muller expressed his gratitude to those who&amp;#039;ve soldiered on with the brand during these difficult times. &amp;quot;I would like to apologize to our dedicated employees, suppliers, dealers and customers for the disruptions of the past weeks,&amp;quot; said Muller. &amp;quot;We will do everything in our power to restore the confidence in our company as soon as practically possible.&amp;quot; Related posts:  Expanded Spyker Range to Rise from Ashes of Saab&amp;#039;s Phoenix Platform Farewell Saab Saab re-Bjorn  "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.roadandtrack.com/new-cars/news/a2275/saab-survives-for-now-21649/>