Youngman Extends Another Bid For Saab

Youngman Extends Another Bid For Saab
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Just when it seemed Saab would be gone from news headlines for good, Youngman swooped in again to make a bid. Apparently the company hasn’t given up on getting Saab back up and running. According to Dagens Industri, a Swedish business news organization, the Chinese firm is submitting a £430 million offer, or about $560 million…. Continue Reading...

Chinese Buyers Pledge $850M in Long Term Saab Funding

Chinese Buyers Pledge $850M in Long Term Saab Funding
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After much back and forth over the past months between Swedish Automaker Saab and Chinese suitors Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co., it seems like funding for Saab is very much back. The Chinese companies have both agreed to buy the Swedish automaker, providing the company with some much needed… Continue Reading...