Cars
The impasse on the sale of Saab Automobile to Pang Da and Youngman has not been resolved, due to Saab shareholder and supplier General Motors objecting to its platform and engineering technology being transferred to the Chinese.
- Saab Files For Bankruptcy After All Rescue Plans Fail, This Could Be The End
It is sad news for the automotive world to learn of the demise of a company. Unfortunately, Monday December 19, will mark the end of the road for Swedish carmaker Saab – and this time it looks like it is final. Earlier this morning, Swedish Automotive...
- Saab In Talks With Youngman And Chinese Bank To Secure November Wages
It’s been almost a week now since we last heard from Saab and as time goes by without a viable solution, the situation for the Swedish carmaker becomes more critical every day. On Monday, Saab owner Swedish Automobile (SWAN.AS) announced that...
- Report: Gm And Saab Reach A Mexican Stand-off Over Chinese Deal
When General Motors sold Saab to Spyker, company execs must have been somewhat relieved to get the brand out of their hands. However, GM didn’t cut its ties completely as it remains a shareholder and a major parts and technology supplier. Now...
- 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...
- Saab’s Groundhog Day: Chinese Want 100%, Original Deal Is Off But Talks Will Continue
Not a day passes by without Some news from Saab. On Sunday, the parent company of Saab, Swedish Automobile N.V. (Swan), announced that, effective immediately, it terminates the subscription agreement of July 2011 with Pang Da and Youngman. The Chinese...
Cars
More Troubles for Swedish Carmaker as Saab Great Britain Files for Administration
The impasse on the sale of Saab Automobile to Pang Da and Youngman has not been resolved, due to Saab shareholder and supplier General Motors objecting to its platform and engineering technology being transferred to the Chinese.
Swedish Automobile N.V. (Swan), though, announced today that Saab Great Britain (Saab GB) filed for administration with the High Court in London.
Read more »- Saab Files For Bankruptcy After All Rescue Plans Fail, This Could Be The End
It is sad news for the automotive world to learn of the demise of a company. Unfortunately, Monday December 19, will mark the end of the road for Swedish carmaker Saab – and this time it looks like it is final. Earlier this morning, Swedish Automotive...
- Saab In Talks With Youngman And Chinese Bank To Secure November Wages
It’s been almost a week now since we last heard from Saab and as time goes by without a viable solution, the situation for the Swedish carmaker becomes more critical every day. On Monday, Saab owner Swedish Automobile (SWAN.AS) announced that...
- Report: Gm And Saab Reach A Mexican Stand-off Over Chinese Deal
When General Motors sold Saab to Spyker, company execs must have been somewhat relieved to get the brand out of their hands. However, GM didn’t cut its ties completely as it remains a shareholder and a major parts and technology supplier. Now...
- 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...
- Saab’s Groundhog Day: Chinese Want 100%, Original Deal Is Off But Talks Will Continue
Not a day passes by without Some news from Saab. On Sunday, the parent company of Saab, Swedish Automobile N.V. (Swan), announced that, effective immediately, it terminates the subscription agreement of July 2011 with Pang Da and Youngman. The Chinese...