Here is another Saab update for you following yesterday’s announcement of the company getting an order to purchase 582 Saab vehicles with a value of EUR 13 million ($18.5 million USD) from an undisclosed Chinese company.

Swedish Automobile (formerly known as Spyker Cars) announced today that Saab has reached an agreement with respect to a sale of 50.1% of the shares in Saab Automobile Property AB with a value of EUR 28 million ($41 million USD).

A Swedish consortium led by Hemfosa Fastigheter AB, will purchase 50.1% of the shares in Saab Property for a total $41 million.

Saab Automobile will enter into a lease agreement with Saab Property for a duration of 15 years. As joint owners, the Consortium and Saab Automobile seek to further develop the property.

- By: Omar Rana