Spyker Teams Up With Youngman to Develop D8 P2P

Spyker Teams Up With Youngman to Develop D8 P2P
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Coincidence? Shortly after Spyker sues GM for $3 billion over the Saab buyout, the Dutch automaker has signed a deal with Chinese automaker Youngman. As many know, Youngman attempted several times unsuccessfully to bid for Saab, but was blocked blocked by GM. Continue Reading...

Saab Dealerships Seek New Manufacturers

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Saab Dealerships Seek New Manufacturers
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Nails just keep dropping in Saab‘s coffin, despite Chinese company Youngman’s attempts to sway the tide otherwise. The latest detail in what’s become a sad saga of failure has to do with dealerships and their reaction to being caught in the fallout. It’s probably easy to forget, but if an automaker goes belly-up, the folks… Continue Reading...

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...

Saab Phoenix Architecture Sold to China’s Youngman

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Saab Phoenix Architecture Sold to China’s Youngman
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Though Youngman’s attempts to save Saab proved futile, it appears that the Chinese automaker isn’t giving up on Saab-related assets. Youngman announced that they’ve acquired the rights to Saab’s Phoenix vehicle architecture and also announced that they have intentions of setting up a firm in Sweden to develop a new car based on the Phoenix… Continue Reading...

Saab Turning To Youngman For Loan In Order To Avoid GM’s Approval

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Saab Turning To Youngman For Loan In Order To Avoid GM’s Approval
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Saab‘s clock is ticking quickly to find a way out of bankruptcy with just a “very few days” left to find a loan. Unfortunately, General Motors has been playing a vital role in blocking Saab from selling any of the company to a Chinese automaker, forcing Saab to try to find a loan. Since Saab… Continue Reading...

Pang Da Still Interested In Saab

Pang Da Still Interested In Saab
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It seems like there’s more people involved that are interested in saving Saab than there are interested in purchasing their vehicles. Nonetheless, the drama continues to unfold as we reported yesterday that the Bank of China would come to save Saab, but the Chinese firm Pang Da is still expressing interest. Pang Da is still… 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...

Saab Confirms Loan from China’s Youngman

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Saab Confirms Loan from China’s Youngman
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Narrowly escaping bankruptcy and liquidation for the 17th time (ok, maybe that’s an exaggeration), Saab has confirmed receipt of a 70 million Euro payment from Chinese investor and automaker Zhejiang Youngman Lotus Automobile Co. Far from a magic wand that will make all of Saab’s troubles go away, the automaker continues to operate in its… Continue Reading...
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