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Sweden's Saab heads for Chinese owners after rescue bid

By: Yossel in CHINA | Recommend this post (0)
Fri, 28 Oct 11 7:09 PM | 74 view(s)
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Sweden's Saab heads for Chinese owners after rescue bid

STOCKHOLM (Reuters) - Struggling Saab is set to follow rival Swedish car maker Volvo into Chinese ownership under a planned 100 million euro ($141 million) rescue purchase by Pang Da Automobile Trade Co and Zhejiang Youngman Lotus Automobile Co.

Veronica Ek and Patrick Lannin

STOCKHOLM
Fri Oct 28, 2011 10:57am EDT

link-
http://www.reuters.com/article/2011/10/28/us-saab-idUSTRE79R1MZ20111028




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