Saab, Hawtai Deal Terminated

Saab, Hawtai Deal Terminated
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Saab parent, Spyker Cars, said that Hawtai was unable to obtain all the necessary consents, as a result; the arrangement has been terminated with immediate affect, though there still is the possibility the two companies might continue discussions, albeit on a non-exclusive basis. Continue Reading...

Saab Revived By $222 Million Investment From China’s Hawtai Motor Group

Saab Revived By $222 Million Investment From China’s Hawtai Motor Group
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Saab has been rescued from near-collapse yet again after an agreement was signed with China’s Hawtai Motor Group. The agreement will form a joint venture for manufacturing, distribution and technology between Saab owner Spyker and Hawtai. It will also provide $222 million in funding for Saab, ending the Swedish automaker’s halt in production caused by… Continue Reading...