The prospect of a new Chinese deal persuaded court-appointed administrator Guy Lofalk to withdraw a request to terminate a creditor protection scheme

Saab heads for Chinese owners after rescue bid

By News on the Net —— Bio and Archives--October 29, 2011

Lifestyles | Comments | Back To Full Article

By Veronica Ek and Patrick Lannin, Stockholm, Reuters Struggling Saab is set to follow rival Swedish car maker Volvo into Chinese ownership under a planned €100-million euro ($141-million U.S.) rescue purchase by Pang Da Automobile Trade Co and Zhejiang Youngman Lotus Automobile Co.

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