Pursuits
Saab’s Survival Chances Dwindle as China Investors Seek New Deal
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Saab Automobile’s chances of avoiding bankruptcy dwindled after two Chinese companies backed away from plans to invest in the carmaker.
Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile offered to purchase Saab rather than invest in the automaker’s owner Swedish Automobile NV. The new offer was rejected, Saab said today in a statement.