Saab Production May Restart In 8 Weeks
According to Inside Line, Saab may be ready to re-start production at its factories in as little as 8 weeks, after being sold to two Chinese automakers for $142 million.
While Saab was valued at $660 million this summer, both Pang Da and Zhejiang Youngman Lotus Automobile Co. managed to purchase the company at a rock bottom price after a number of other deals failed to materialize. Chinese companies now own both Saab and Swedish automaker Volvo.
Saab’s Swedish factories have been idled since March, but could be up and running in as little as 2 months. The company claims to have 11,000 vehicle orders on the books, and may even bring the 2012 9-5 SportCombi station wagon to this April’s New York Auto Show if all goes smoothly in the upcoming months.
[Source: Inside Line]
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