Cars
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 July to buy a 53.9% stake in Swan for €245 million ($344.6 million), but Chinese regulators have not yet ratified the deal.
- 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....
- 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 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 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
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 July to buy a 53.9% stake in Swan for €245 million ($344.6 million), but Chinese regulators have not yet ratified the deal.
"Swedish Automobile N.V. (Swan) and Pang Da Automobile Trade Co., Ltd (Pang Da) have taken notice of media reports questioning the validity of the partnership agreements between Swan, Saab Automobile AB (Saab Automobile) and Pang Da after Saab Automobile entered into voluntary reorganization. Swan, Saab Automobile and Pang Da underline that these reports are based on a misunderstanding."Read more »
- 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....
- 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 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 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...