Pang_da
The following articles have been tagged with "Pang_da":
China's Youngman bids anew for Saab: report
Business & Money: 17 Apr 12
Chinese automaker Youngman has offered to buy bankrupt Swedish carmaker Saab for 3.2 billion kronor ($470 million) and invest more money to restart production in Sweden, according a Swedish media report
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Expert: Saab's independent streak 'the beginning of the end'
Business & Money: 21 Dec 11
Decisions by former Saab owner General Motors weren't the cause of the Swedish automaker's bankruptcy, according to a new study, which also found that former Saab management is partly to blame.
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Saab hits bankruptcy 60 years after a flying start
Lifestyle: 19 Dec 11
Saab Automobile's decision to file for bankruptcy on Monday ends two years of efforts to save the unprofitable Swedish automaker 60 years after the aircraft manufacturer started making cars.
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Saab files for bankruptcy
Business & Money: 19 Dec 11
After months of teetering on the brink, Swedish carmaker Saab Automobile on Monday filed for bankruptcy protection, ending two years of efforts to save the iconic Swedish brand.
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Saab to file for bankruptcy: report
National: 12 Dec 11
Beleaguered Swedish automaker Saab is expected to file for bankruptcy on Monday, according to reports in the Swedish media.
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Lift Saab's bankruptcy protection: administrator
Business & Money: 7 Dec 11
The court-appointed administrator charged with overseeing Saab's restructuring has petitioned a court to lift the beleaguered Swedish carmaker's bankruptcy protection, Saab Automobile confirmed on Wednesday.
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Saab juggles Chinese suitors 'to please GM'
Business & Money: 5 Dec 11
Swedish Automobile, the owners of beleaguered Swedish carmaker Saab have revealed that they are in talks with a new configuration of Chinese partners in what has been described as a bid to appease previous owner US General Motors.
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Saab – what is a Swedish car anyway?
Business & Money: 21 Nov 11
The news that Chinese firms Pang Da and Youngman intend to acquire Saab Automobile, has been greeted by relief, resignation and objection, The Local's Geoff Mortimore explores the twisted fate of an iconic Swedish brand.
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Saab takeover talks go on as deadline passes
Business & Money: 16 Nov 11
Two Chinese companies are continuing discussions on purchasing Saab even though the deadline for the deal expired Tuesday, the beleaguered Swedish carmaker said.
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GM threat to Saab sale 'regrettable': minister
Business & Money: 8 Nov 11
The Swedish government has described as unfortunate a statement by General Motors this week threatening to block the transfer of technology licences if two Chinese companies buy Saab.
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GM halts sale of Saab to Chinese firms
Business & Money: 7 Nov 11
US automaker General Motors (GM) has put the brakes on the planned purchase of Sweden's Saab by two Chinese carmakers over concerns about technology licensing.
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General Motors mulls blocking Saab sale
Business & Money: 6 Nov 11
US automaker General Motors said Saturday that it may block the sale of Saab to two Chinese companies, citing concerns of its supplier relationship to the insolvent Swedish carmaker.
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Chinese officials support Saab deal 'in principle'
Business & Money: 1 Nov 11
A Chinese minister said Tuesday his government supported “in principle” plans by Chinese automakers Pang Da and Youngman to purchase troubled Swedish automaker Saab Automobile.
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Chinese firms reveal Saab profit ambitions
Business & Money: 31 Oct 11
Chinese automakers Pang Da and Youngman, the new owners of Sweden's Saab, have stated that the firm will turn a profit no later than 2014, according to an ambitious plan laid out on Monday.
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Chinese firms to invest 'billions' in Saab
National: 31 Oct 11
Chinese automakers Pang Da and Youngman, the new owners of Sweden's Saab, plan to pump some 7.5 billion kronor ($1.16 billion) into the firm, with 2 billion kronor earmarked for Trollhättan.
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'Cautious optimism' over Saab's second escape from bankruptcy
Analysis & Opinion: 28 Oct 11
While the sale of Saab Automobile may have once again helped the troubled Swedish automaker avoid bankruptcy, uncertainties about possible layoffs and obtaining necessary approvals remain, the AFP's Nina Larsson explains.
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'The deal was crucial for Saab': expert
National: 28 Oct 11
In the wake of the news that Saab will be bought by Chinese firms Pang Da and Youngman, The Local spoke to business expert Mikael Wickelgren
of the University of Gothenburg to get some perspective on what this means for the cash-strapped carmaker.
READ »
Chinese firms in deal to buy Saab Automobile
Business & Money: 28 Oct 11
Chinese automakers Pang Da and Youngman have agreed to purchase Saab Automobile, according to a statement issued Friday by Saab owner Swedish Automobile.
READ »
Chinese firms stand by Saab bail-out deal
Business & Money: 25 Oct 11
The two Chinese companies pledged to bail out cash-strapped carmaker Saab said on Tuesday that they are still onboard, despite the announcement by owner Swedish Automobile that the deal was off.
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Saab pulls plug on China funding deal
Business & Money: 24 Oct 11
Saab owner Swedish Automobile said on Sunday it had terminated a financing deal with the two Chinese firms, seen by many as the only hope of keeping the cash-strapped Swedish carmaker out of bankruptcy.
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Saab CEO rebuffed Chinese purchase bid
Business & Money: 21 Oct 11
Saab CEO Victor Muller rejected an offer by Chinese investors to buy the troubled Swedish automaker outright, throwing a spanner in previous funding agreements and threatening the company's reorganisation bid.
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Saab restructuring process in danger
Business & Money: 20 Oct 11
The restructuring of Saab could be called off after the company's administrator Guy Lofalk on Thursday applied for the process to be halted, according to a statement from Swedish Automobile (SWAN).
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Pang Da: Saab comment 'a misunderstanding'
Business & Money: 12 Oct 11
Chinese firm Pang Da and Sweden's Saab have issued a joint statement to clarify that the contract between the firms is valid, stating that prior comments to the contrary were due to a "misunderstanding".
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Volvo's Chinese owner interested in Saab: report
Business & Money: 6 Oct 11
China's Geely, owner of Volvo Cars, has indicated an interest in acquiring a stake in troubled Swedish automaker Saab Automobile, according to media reports.
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Saab to reshuffle board, save company
Business & Money: 1 Oct 11
In the latest chapter of the long running Saab saga, the management of Swedish Automobile has called an extraordinary general meeting next month to discuss restructuring the board of directors.
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Court approves Saab's bankruptcy protection bid
Business & Money: 21 Sep 11
The Court of Appeal for Western Sweden has approved Saab's request for protection from creditors while it carries out a business reconstruction. A lower court had previously rejected the request.
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Third union demands Saab bankruptcy
National: 21 Sep 11
IF Metall on Tuesday became the third trade union to ask a court to place cash-strapped carmaker Saab in bankruptcy in order to secure wages for its members.
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Unions file bankruptcy petition against Saab
Business & Money: 12 Sep 11
Two Swedish labour unions have filed a request to force troubled automaker Saab into bankruptcy, the Unionen labour group said in a statement on Monday.
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Saab to appeal creditor protection rejection
Business & Money: 9 Sep 11
Saab will appeal a Swedish court decision to reject the automaker's request for bankruptcy protection, parent company Swedish Automobile announced on Friday.
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Swedish court rejects Saab restructuring
Business & Money: 8 Sep 11
Vänersborg district court in western Sweden has rejected beleaguered carmaker Saab Automobile's applications for business restructuring. Chairperson and CEO Victor Muller responded by declaring the firm's intention to appeal.
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Crisis-hit Saab files for bankruptcy protection
Business & Money: 7 Sep 11
Swedish automaker Saab Automobile has applied for bankruptcy protection as it continues to battle mounting debts, according to a press release from owners Swedish Automobile.
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Saab owner's losses increase ten-fold
Business & Money: 1 Sep 11
Swedish Automobile, the owner of beleaguered automaker Saab, on Wednesday announced a massive loss for the first half of the year and was still hunting for funds to restart production.
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Saab investors line up new meeting - reports
National: 6 Aug 11
Employees at beleaguered car maker Saab are cautiously optimistic after receiving their salaries for July this week and the news that further talks with Chinese Pang Da could take place over the weekend.
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Saab's property deal approved by EIB
Business & Money: 4 Jul 11
On Monday the European Investment Bank (EIB) announced its approval Saab’s property sale, which will give the company the much needed cash-injection it sought to acquire through the sale.
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Saab to pay staff after new China order
Business & Money: 27 Jun 11
An unnamed Chinese firm has ordered 582 cars from the crisis-hit Swedish car maker Saab in an order worth around €13 million ($18 million) and enabling the beleaguered firm to pay staff salaries.
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Factory sale may hold key to Saab's future
Business & Money: 25 Jun 11
Talks will continue over the weekend between Saab automobile and real estate company Hemfosa in the latest bid to save the ailing car maker.
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Saab lacks funds to pay staff wages
Business & Money: 23 Jun 11
Cash-strapped carmaker Saab won't be able to pay this months wages to its employees, according to a statement from the company.
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Saab to staff: go home for two more weeks
Business & Money: 21 Jun 11
Swedish automaker Saab told workers on Monday that its factory in western Sweden would remain idle for two more weeks as the company negotiates with suppliers over repayment plans.
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Saab unveils second partner in new China deal
Business & Money: 13 Jun 11
Cash-strapped Swedish automaker Saab announced on Monday it had finalised the details of an a agreement with China's Pang Da and Zhejiang Youngman Lotus Automobile to manufacture and distribute cars in China.
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Saab production grinds to a new halt
Business & Money: 9 Jun 11
Cash-strapped Swedish carmaker Saab stopped production on Wednesday due to a lack of spare parts, only two weeks after restarting production lines.
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Saab production resumes in Sweden
Business & Money: 27 May 11
After seven-weeks of silence, the assembly lines at Saab Automobile's factory in Trollhättan in western Sweden rumbled to life again on Friday thanks to help from new Chinese partner Pang Da.
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Olofsson meets Antonov over Saab
Business & Money: 25 May 11
Russian financier met Sweden's enterprise minister Maud Olofsson on Tuesday to explain why he wants to invest money in cash-strapped car maker Saab.
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Saab chair apologises to employees
Business & Money: 17 May 11
Saab chairman Victor Muller arrived in Trollhättan on Tuesday to brief employees on the cooperation with Chinese firm Pang Da and to apologise for the turbulence of recent weeks.
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Saab announces new Chinese partnership
Business & Money: 16 May 11
Swedish car maker Saab has signed a new framework agreement with China's Pang Da Automobile, the cash-strapped firm's Dutch owner Spyker said on Monday.
READ »
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