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Saab saved?

Chinese investors have come to the rescue of ailing Swedish car maker, Saab

Saab 9-5 badge

By Sam Hardy

28th October 2011

At last there is some good news for Saab. Owner Swedish Automobile has signed a memorandum of understanding to sell the company to Chinese investors Pang Da and Youngman.

As Auto Express went to press, the £88m deal still needed the approval of Chinese government and Swedish Automobile’s shareholders, though.

“An important consideration to enter into the transaction is the commitment of Pang Da and Youngman to provide long-term funding to Saab,” Swedish Automobile said.

 

For an alternative review of the latest Saab 9-5 visit our sister site carbuyer.co.uk

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