The Chinese version of the old Swedish Saab 9-5 has come far enough in development that manufacturers are saying it will make the cardealerships' floors at the end of the year.
Chinese automaker Youngman has offered to buy bankrupt Swedish carmaker Saab for 3.2 billion kronor ($470 million), according to a report in Swedish business daily Dagens Industri (DI).
Turkish private equity firm Brightwell Holdings has withdrawn a bid to buy bankrupt Swedish carmaker Saab owing to a lack of cooperation from former owner GM, a Swedish daily reported Tuesday.
Chinese company Youngman has made a new offer for Saab to the administrators for the bankrupt Swedish car-maker, confirmed the founder and owner of the Youngman concern Pang Qingnian to Swedish daily Svenska Dagbladet (SvD).
Several companies have placed preliminary bids to buy bankrupt Swedish carmaker Saab, one of the administrators said on Tuesday, refusing to disclose their identities.
Less than 24 hours after Chinese firm Youngman reportedly placed a bid for Saab, another interested party has apparently joined the race to snap up the bankrupt carmaker.
If Saab gets Turkish owners, the company will continue to build cars in Trollhättan, according to Turkish company Brightwell Holdings, which recently entered in the competition over the cash-strapped carmaker.
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.
A Swedish court approved Saab Automobile's bankruptcy petition on Monday afternoon after a dejected Victor Muller, CEO of the embattled Swedish automaker, told reporters it was “the darkest day in Saab's history”.
Saab Automobile's decision to file for bankruptcy on Monday ends two years of efforts to save the loss-making company that began as an aircraft manufacturer and then rolled out cars for 60 years.
Hours after the announcement that Swedish automaker Saab has filed for bankruptcy, following a two years struggle to keep afloat, local politicians and Saab retailers are keeping a brave face.
General Motors (GM) said on Saturday it cannot accept any of the proposed solutions presented so far to help save Swedish automaker Saab Automobile, which continues to teeter on the brink of bankruptcy.
The first share of the money promised to Saab by Chinese Youngman has arrived into the cash-strapped carmaker's accounts, according to Saab's head of information, Eric Geers, who was unwilling to disclose how much money was involved.
The restructuring of beleaguered Swedish carmaker Saab has been called off by the company's administrator Guy Lofalk, after he submitted a court petition, according to a statement by Saab Automobile.
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 descibed as a bid to appease previous owner US General Motors.
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 <b>Geoff Mortimore</b> explores the twisted fate of an iconic Swedish brand.
Two Chinese companies are continuing discussions on purchasing Saab even though the deadline for the deal expired Tuesday, the beleaguered Swedish carmaker said.
The Swedish government has described as unfortunate a statement by General Motors (GM) this week threatening to block the transfer of technology licences if two Chinese companies buy Saab.
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.
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.
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.
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, according to a report on Sveriges Television (SVT).
