Cars
Saab's parent company Swedish Automobile N.V. [Swan] said on Friday that it has agreed to sell the company to China's Pang Da and Youngman.
- Gm Says No To Saab's Latest Ownership Plan, Swedes Reply “there Is Always A Plan Bâ€
A day without Saab news is a day wasted. On Monday, Saab's owner, Swan NV, said that after GM’s rejection of the Pang Da and Youngman deal, it was readying another plan, involving Youngman and a Chinese bank. Unfortunately for Saab, this latest...
- Saab Deal Supported “in Principle†By Chinese Authorities
Last Friday, Swedish Automobile N.V. [Swan] signed a Memorandum of Understanding with Pang Da and Youngman for the sale of the Saab brand to the two Chinese companies. A MoU, however, does not mean that the transaction is completed. Especially when the...
- Saab Sells 5 Million Shares To Find Short-term Funds
Exactly a month ago to this day, Saab announced a deal with China's Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co while also revealing a grand plan for expanding its range with three new models, the 9-1, 9-6X and 9-7. It...
- Saab Signs Three-way Deal With China’s Pang Da And Zhejiang Youngman Lotus Automobile
Lately, it seems whenever there’s a problem with production at Saab’s Trollhattan plant, the Swedish automaker’s parent company Spyker Cars N.V. announces a new deal with a Chinese company. Today, Spyker signed a non-binding memorandum...
- China’s Pang Da Places A New €15 Million Order For Saab Vehicles
Chinese distributor Pang Da Automobile is pumping more cash into Spyker NV's ailing Swedish unit Saab by placing a new order for 630 vehicles valued at €15 million or US$21.5 million. This latest order comes after an earlier one last week for...
Cars
China's Pang Da and Youngman Agree to Buy Saab for €100 million and Save it from Bankruptcy
Saab's parent company Swedish Automobile N.V. [Swan] said on Friday that it has agreed to sell the company to China's Pang Da and Youngman.
If the deal goes through, the Chinese will own Sweden’s car industry bar Koenigsegg as Volvo was sold to Geely in 2009 – admittedly at the much higher price of US$2 billion dollars than the €100 million (US$141.7 million) Pang Da and Youngman are willing to pay for acquiring 100% of Saab Automobile and Saab GB shares.
Read more »- Gm Says No To Saab's Latest Ownership Plan, Swedes Reply “there Is Always A Plan Bâ€
A day without Saab news is a day wasted. On Monday, Saab's owner, Swan NV, said that after GM’s rejection of the Pang Da and Youngman deal, it was readying another plan, involving Youngman and a Chinese bank. Unfortunately for Saab, this latest...
- Saab Deal Supported “in Principle†By Chinese Authorities
Last Friday, Swedish Automobile N.V. [Swan] signed a Memorandum of Understanding with Pang Da and Youngman for the sale of the Saab brand to the two Chinese companies. A MoU, however, does not mean that the transaction is completed. Especially when the...
- Saab Sells 5 Million Shares To Find Short-term Funds
Exactly a month ago to this day, Saab announced a deal with China's Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co while also revealing a grand plan for expanding its range with three new models, the 9-1, 9-6X and 9-7. It...
- Saab Signs Three-way Deal With China’s Pang Da And Zhejiang Youngman Lotus Automobile
Lately, it seems whenever there’s a problem with production at Saab’s Trollhattan plant, the Swedish automaker’s parent company Spyker Cars N.V. announces a new deal with a Chinese company. Today, Spyker signed a non-binding memorandum...
- China’s Pang Da Places A New €15 Million Order For Saab Vehicles
Chinese distributor Pang Da Automobile is pumping more cash into Spyker NV's ailing Swedish unit Saab by placing a new order for 630 vehicles valued at €15 million or US$21.5 million. This latest order comes after an earlier one last week for...