Cars
Another day, another new story for Svenska Aeroplan Aktiebolaget –or, as you might know it, Saab. The Swedish company announced on Wednesday that it has entered a €25 million convertible bridge loan from Gemini Investment Fund Limited.
- China's Youngman And Pang Da Say Saab Deal Is Still On
Earlier this week, Saab announced that it was terminating the deal with Chinese companies Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co., since their bridge loan that would help the Swedish automaker survive in the short term...
- Saab Receives Funding From Spyker Buyer But Not From Chinese Partners, Administrator Proposes To Terminate Reorganization
The dramatic Saab roller-coaster continues to painfully drag on with good and bad news for the brand. But let's take it in chronologically order. This morning, Saab's parent company Swedish Automobile N.V. (Swan) said it has accepted new funding...
- Saab Receives First Part Of Youngman Loan, Expects The Rest By October 22
Another day, another episode in the Saab rescue saga. Fortunately for the company's workers, the news is good this time. Swedish Automobile N.V., the owner of Saab, announced on Thursday that it has received the first payment of a €70 million...
- China's Geely, Owner Of Volvo, Denies Interest In Buying Saab
Saab is in a crisis indeed. One day it is rescued, and the next it is on the brink of destruction. And this has been happening over and over again, like an automotive version of The Groundhog Day. Yesterday we reported that Saab has not yet received...
- Saab Details Partnership With China’s Hawtai Motor Group
In his attempt to save Saab- again, and after having secured short-term cash of €30 million (US$44.6 million), Spyker Car N.V. CEO Victor Muller’s next move was to sign a strategic partnership with China’s Hawtai Motor Group. Under...
Cars
More Good News for Saab as Swedes Receive €25 Million Loan
Another day, another new story for Svenska Aeroplan Aktiebolaget –or, as you might know it, Saab. The Swedish company announced on Wednesday that it has entered a €25 million convertible bridge loan from Gemini Investment Fund Limited.
The loan’s annual interest is 10% and the conversion price is €1.38 per share, while Saab can at any time repay the loan, presumably when the expected Pang Da and Youngman Lotus funding is received, without a penalty.
Read more »- China's Youngman And Pang Da Say Saab Deal Is Still On
Earlier this week, Saab announced that it was terminating the deal with Chinese companies Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co., since their bridge loan that would help the Swedish automaker survive in the short term...
- Saab Receives Funding From Spyker Buyer But Not From Chinese Partners, Administrator Proposes To Terminate Reorganization
The dramatic Saab roller-coaster continues to painfully drag on with good and bad news for the brand. But let's take it in chronologically order. This morning, Saab's parent company Swedish Automobile N.V. (Swan) said it has accepted new funding...
- Saab Receives First Part Of Youngman Loan, Expects The Rest By October 22
Another day, another episode in the Saab rescue saga. Fortunately for the company's workers, the news is good this time. Swedish Automobile N.V., the owner of Saab, announced on Thursday that it has received the first payment of a €70 million...
- China's Geely, Owner Of Volvo, Denies Interest In Buying Saab
Saab is in a crisis indeed. One day it is rescued, and the next it is on the brink of destruction. And this has been happening over and over again, like an automotive version of The Groundhog Day. Yesterday we reported that Saab has not yet received...
- Saab Details Partnership With China’s Hawtai Motor Group
In his attempt to save Saab- again, and after having secured short-term cash of €30 million (US$44.6 million), Spyker Car N.V. CEO Victor Muller’s next move was to sign a strategic partnership with China’s Hawtai Motor Group. Under...