#funding

Last week we brought you a story about Aperta employees boorishly smashing the remaining shells of their 2e electric vehicle, including quotes from their disgruntled former CEO, Steve Fambro. You may wonder how things went so wrong.

Saab‘s parent, Swedish Automobile (formerly Spyker Cars), announced that an unnamed Chinese company will purchase 582 Saab cars at a total value of 13 million Euros ($18.4 million) in order to help the automaker pay wages to its employees and part of the money it owes to suppliers.

Documents filed with the U.S. Security and Exchange Commission revealed that Fisker, maker of the Karma hybrid sports car, is raising an additional $100 million in funding in advance of the company’s first customer deliveries.

Poor Saab, it just can’t seem to catch a break. After negotiations with several Chinese automakers, it appeared that a deal with Hawtai Motor Group had been reached. Now that deal has collapsed.