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Saab China

Automaker Saab files for bankruptcy in Sweden

STOCKHOLM – Saab Automobile filed for bankruptcy on Monday, giving up a desperate struggle to stay in business after previous owner General Motors (GM)...

A Miracle indeed; Saab gets Payment from China’s Youngman

Ailing carmaker Saab has received a first payment from China's Zhejiang Youngman Lotus Automobile as it struggles to stay in business and faces a...

Saab talking to A Chinese bank, not Bank of China

Swedish Automobile NV (Swan), the Dutch owner of the car maker Saab Automobile AB, said on Monday that it will continue discussions with Zhejiang...

Bank of China to save Saab (?)

Saab's Dutch owner and China's Zhejiang Youngman Lotus Automobile have agreed that the Bank of China, the nation's fourth-largest bank by market value, will...

Saab Auto, Youngman and Pangda continue takeover talks

Swedish car maker Saab Automobile AB said Tuesday that takeover talks between its owner Swedish Automobile NV and two Chinese investors will continue despite...

China’s Youngman still wants to buy Saab

China's Zhejiang Youngman Lotus Automobile Co said it still wanted to invest in ailing car maker Saab after General Motors said on Monday it...

GM kills Saab rescue plan

The owner of Saab cars are scrambling to save a rescue deal for the Swedish car brand after General Motors said it would stop...

GM says difficult to support Saab ownership change

General Motors Co said on Friday that it would be difficult to support a sale of Saab if the transaction hurt its existing tie-ups...

Saab-savior Pangda ‘burns’ 6 billion yuan in 6 months

Shareholders and securities analysts are scratching their heads over how a top automobile marketing group in China managed to "burn" a huge fund of...

Chinese buyers vow long-term financing for Saab

Chinese groups Pang Da Automobile Trade Co and Zhejiang Youngman Lotus Automobile Co will pump more than half a billion euros ($709 million) into...