Video - Saab's future looking ever more shaky


Videa Saab Saab's future looking ever more shaky



Saab's future looking ever more shaky

www.euronews.net The Swedish car maker Saab has said it is terminating a 245 million euro investment deal with two Chinese companies. Saab's owners said carmaker Zhejiang Youngman Lotus and Pangda -- which is China's biggest car dealer -- had failed to confirm their commitment to the agreement as well as a bridging loan to enable it to pay suppliers and workers. Instead the Chinese wanted an outright buyout. Saab's shares slumped on the news.

euronews, corporate, Cars, Sweden

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Autor: Euronews
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