Cars
Another day, another episode in the Saab rescue saga. Fortunately for the company's workers, the news is good this time.
- 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...
- 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...
- 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...
- 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...
- 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. ...
Cars
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 bridging loan from its Chinese partner Youngman, adding that the reorganization is proceeding as planned.
Read more »- 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...
- 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...
- 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...
- 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...
- 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. ...