Saab sold to China

Published on October 29, 2011, by in Automobile.

Article Source: FendyBt2 Official Website

Just a few days after they denied it, all 100% of Saab’s share have been sold to Chinese Company Youngman & Pang Da.
The whole thing cost them only around $140 million.

It remains to be seen if the Chinese company has enough money to pour into the company after the buy out.
Saab desperately needs cash for new models.
So now, both Volvo and Saab are Chinese owned.
So far Volvo seems to be doing just fine.

What do you think will happened to Saab?

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Article Source: FendyBt2 Official Website
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