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  Saab in talks with Turkish gov’t, according to reports

  30 December 2011 / 6 comments

  Saab Automobile, which declared voluntary bankruptcy last week, remains determined in its search for a suitor to save it from oblivion. According to reports, the Swedish carmaker is in talks with the Turkish government, after […]

   

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  Saab suspends warranty coverage on its US vehicles

  21 December 2011 / 12 comments

  The not-so-pleasant news continues. Saab Automobile, which declared voluntary bankruptcy on Monday, has suspended warranty coverage on all of its vehicles in North America, according to a report. The suspension came into effect the same […]

   

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  Saab says goodbye after 64 years – Swedish automaker declared bankrupt after Youngman rescue attempt fails

  20 December 2011 / 55 comments

  It’s curtains for Saab Automobile after 64 years in the business, as the last-ditch rescue plan by Chinese investor Zhejiang Youngman Lotus Automobile fell through, the attempt blocked by former owner and key licence holder […]

   

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  Saab’s owners may be forced into voluntary liquidation, even if sale to Pang Da and Youngman goes through

  15 November 2011 / 10 comments

  The Saab see-saw continues, and now, there’s a likelihood of liquidation for Swedish Automobile even if the company is sold to Chinese companies Pang Da and Youngman. It seems that the proceeds of the sale […]

   

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  Saab sale to Pang Da and Youngman to be reworked, after GM makes objections over the deal

  8 November 2011 / 7 comments

  According to reports, the rescue deal for Saab made by Pang Da and Zhejiang Youngman will have to be redone after General Motors made objections. “We have to go back to the drawing board,” said […]

   

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  Saab sold to Pang Da and Youngman for 100 million Euro

  28 October 2011 / 30 comments

  And the deal is done – Swedish Automobile announced today that Saab will be sold to two Chinese companies for 901 million Yuan, which is about RM435 million or 100 million Euro. The two Chinese […]

   

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  Saab ends investment deal with Youngman, Pang Da

  25 October 2011 / 4 comments

  Swedish Automobile, the company which owns troubled automaker Saab, has said it has ended a 245 million euro investment deal with Chinese companies Zhejiang Youngman Lotus Automobile and Pang Da Automobile, following their offer to […]

   

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  Swedish Automobile to sell Spyker Cars for US$44 million

  30 September 2011 / 0 comments

  The journey continues, though on a different tack. Reports say that Swedish Automobile, the company that owns cash-strapped Saab and Spyker Cars, has announced its intent to sell off Spyker to an American private equity […]

   

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  Saab and Youngman to form joint venture to develop three new models: the 9-1, 9-6 and 9-7

  20 July 2011 / 9 comments

  Saab, through its owner Swedish Automobile, has signed an agreement with Zhejiang Youngman to form a joint venture in Sweden to develop three Saab models. The company issued a statement which said that the 50:50 […]

   

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  Saab-Youngman JV to build three new models in Sweden

  8 July 2011 / 25 comments

  Swedish automaker Saab, part owned by Spyker, part owned by the Chinese, has signed an agreement with Zhejiang Youngman Passenger Car Group Co to form a joint venture in Sweden. This 50-50 JV will develop […]

   

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  Saab’s adventure continues – Youngman joins the party

  14 June 2011 / 6 comments

  The tempestuous affair that is Saab continues, with another Chinese suitor entering the picture to now make it a three-way deal. The Swedish automaker, owned by Spyker Cars, had been given a shot in the […]

   

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  Saab gets another 15m euro cash injection from Pang Da

  2 June 2011 / 5 comments

  Saab has obtained another cash injection from Pang Da, its new Chinese partner, according to reports. The Swedish automaker has received a further order for 630 cars, worth 15 million euros, on top of the […]

   

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  Kung Fu Panda saves the day! Chinese auto distributor Pang Da pumps 45m euros into Saab, buys stake in Spyker

  17 May 2011 / 19 comments

  Cash strapped Saab has a new saviour, just a few days after the deal with Chinese automaker Hawtai fell through. The Swedish brand’s owner, Spyker, has signed a memorandum of understanding (MoU) with Pang Da […]

   

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  Saab-Hawtai deal falls through – Great Wall enters picture

  13 May 2011 / 2 comments

  It looks like the reported deal between Hawtai Motors and Saab, which would have seen the Chinese automaker taking a 29.9% equity stake in Saab parent company Spyker Cars for US$172 million, has fallen through. […]

   

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  Saab rescued, again – Hawtai buys into Spyker Cars

  3 May 2011 / 11 comments

  A couple of days ago, we reported that Saab was likely to be rescued by investors. Well, the deal is done. The Swedish automaker – and its Dutch owner, Spyker Cars – has confirmed a […]

   

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