It now appears that not only are Saab unable to pay their suppliers – and thereby guarantee a reliable flow of components – they now can’t pay wages either. We’ve had a statement in from Saab this morning telling us that they are now unable to pay their staff until they manage to get a bit of funding […]
‘Old Pang’ spends another €15 million at Saab
China’s Pang Da has bought a further 650 cars from Saab with an upfront payment of €15 million. They paid €30 million for 1300 Saabs last week. The ‘Old Pang’ bit isn’t our derogatory name for the head of China’s Pang Da – who are busy getting in to bed with Saab – but is how the […]
Saab production restarts – again.
Production has restarted at Saab’s Trollhättan factory after the troubled Swedish car maker finally got its hands on some much-needed Chinese cash from Pang Da. Of course, we nearly got here before when Saab went courting China’s Hawtai Motor Group, but that deal fell apart when the Chinese government refused to sanction the deal. Or Hawtai pulled out. Depending on […]
Saab go back for another Chinese
Saab has reached a deal with the Pang Da Automobile Trading Co in China for the sale of €30 million of Saab cars, joint ventures on sales and production and the sale of a 24% stake in Saab to Pangda. There can’t be many companies in China who haven’t had Victor Muller banging on their […]