Pang Da Youngman is new Saab owner

Chinese company Pang Da Youngman is now the owner of Saab. The deal is worth of 100 million euros ($136 millions) for 100% of shares. Currently, the Swedish factories in practice do not work because of financial difficulties. Many of employees have not received their salaries for the last few months. In September the Saab’s begun voluntary reorganization. As yet it is not clear when exactly will resume production of new vehicles.

Other Posts :

Unexpected search for new Mazda CX-5

Chinese company with new Saab save plan

Suzuki will use 1.3 Fiat diesel engine

2012 European Car of the Year Finalists

Related posts:

1. Saab is death
2. Chinese company with new Saab save plan
3. Saab saved! (for now)
4. Saab 9-4X
5. 9-5 SportCombi will debut at Geneva

Tags automobile industry Saab