Cars
A day without Saab news is a day wasted. On Monday, Saab's owner, Swan NV, said that after GM’s rejection of the Pang Da and Youngman deal, it was readying another plan, involving Youngman and a Chinese bank.
- 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...
- Gm Won’t Hand Over Technology Or 9-4x Crossover To Saab’s Chinese Owners
Last Friday, GM spokesman Jim Cain said that the company would "not be able to support a change in the ownership of Saab which could negatively impact GM's existing relationships in China or otherwise adversely affect GM's interests worldwide.â€...
- 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...
- 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...
Cars
GM Says No to Saab's Latest Ownership Plan, Swedes Reply “There is Always a Plan Bâ€
A day without Saab news is a day wasted. On Monday, Saab's owner, Swan NV, said that after GM’s rejection of the Pang Da and Youngman deal, it was readying another plan, involving Youngman and a Chinese bank.
Unfortunately for Saab, this latest plan, which put Pang Da out of the picture, didn’t make the cut with General Motors either. On Tuesday, GM spokesman James Cain issued the following statement: “We have reviewed Saab’s proposed changes regarding the sale of the company. Nothing in the proposal changes GM’s position. We are unable to support the transaction.â€
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...
- Gm Won’t Hand Over Technology Or 9-4x Crossover To Saab’s Chinese Owners
Last Friday, GM spokesman Jim Cain said that the company would "not be able to support a change in the ownership of Saab which could negatively impact GM's existing relationships in China or otherwise adversely affect GM's interests worldwide.â€...
- 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...
- 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...