Cars
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.
- Form An Orderly Queue: Receivers Say More Buyers Show Up For Saab
This is your daily update on the story that is the survival of Saab. Today, we receive news that yet another party is interested in acquiring the Swedish car company, the third in as many days. Swedish newspaper Dagens Industri confirms last month's...
- 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’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...
- Saab Responds To Media Reports, Says Deal With Pang Da Still On
Responding to recent media reports, Saab's parent company Swedish Automobile N.V. [Swan] issued a short statement saying the investment deal with China's Pang Da Automobile is still on the table. Pang Da Automobile had signed an agreement in...
- 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...
Cars
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 the funds promised by Pang Da and Youngman as a bridge loan to keep the Swedish carmaker in business until the deal is approved by Chinese authorities.
Today, Swedish newspaper Dagens Nyheter published an article claiming that another Chinese automaker, Geely Automobile, which bought Volvo from Ford in 2010, is interested in acquiring Saab as well.
Read more »- Form An Orderly Queue: Receivers Say More Buyers Show Up For Saab
This is your daily update on the story that is the survival of Saab. Today, we receive news that yet another party is interested in acquiring the Swedish car company, the third in as many days. Swedish newspaper Dagens Industri confirms last month's...
- 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’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...
- Saab Responds To Media Reports, Says Deal With Pang Da Still On
Responding to recent media reports, Saab's parent company Swedish Automobile N.V. [Swan] issued a short statement saying the investment deal with China's Pang Da Automobile is still on the table. Pang Da Automobile had signed an agreement in...
- 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...