Cars
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 did not materialize in the agreed period.
- 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 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 Finalizes Deal With Panga Da And Youngman, Announces New 9-1, 9-6x And 9-7
Saab’s parent company Swedish Automobile NV said on Monday it converted the non-binding memorandum of understanding with Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co into a final agreement. However, the deal is still...
- 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$21.5 million. This latest order comes after an earlier one last week for...
Cars
China's Youngman and Pang Da Say Saab Deal is Still On
Earlier this week, Saab announced that it was terminating the deal with Chinese companies Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co., since their bridge loan that would help the Swedish automaker survive in the short term did not materialize in the agreed period.
Yet the two Chinese companies that provided only part of the €70 million (US$ 95.4 million) loan and which recently offered to buy 100% of Saab’s shares, say that the €240 million (US$340 million) July agreement is still on the table.
Read more »- 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 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 Finalizes Deal With Panga Da And Youngman, Announces New 9-1, 9-6x And 9-7
Saab’s parent company Swedish Automobile NV said on Monday it converted the non-binding memorandum of understanding with Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co into a final agreement. However, the deal is still...
- 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...