Youngman in Talks to Buy Some or All of Saab to Expand Globally

Zhejiang Youngman Lotus Automobile Co. is in talks to buy part or all of bankrupt Saab Automobile to help build the Chinese automaker’s brand globally.

Youngman is still in the “early stages of discussions” and hasn’t decide which assets to buy, Hu Ming, a spokesman for the closely held Jinhua, China-based company said in an interview today. Representatives from both companies met in Beijing over the Lunar New Year period to speak further on the acquisition, he said, declining to elaborate on the assets being considered, or the value of the deal.