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Pang Da of China Says It’s on Track to Buy a Stake in Saab Owner

Pang Da Automobile Trade Co. said it is on schedule to buy a stake in Swedish Automobile NV, the owner of Saab Automobile, after the carmaker halted production because of a lack of funds.

“There’s no change to our previous plan,” Wang Yin, board secretary of Pang Da, said in a phone interview. “Saab is having temporary financial difficulties and the problem isn’t fundamental.”