Tag Archives: Pang Da

Report: Saab could file for bankruptcy as early as today

Reports suggest that a last-minture rescue deal to save Saab has been blocked by the Chinese government and that the company could declare bankruptcy as early as today. Saab has been waiting on a $93┬ámillion loan from Chinese carmaker Youngman in order to pay wages and suppliers. IN addition, the Swedish automaker is also waiting […]

Continue Reading

Spyker, Saab, Pang Da, Youngman enter agreement on distribution and manufacturing

Spyker announced today that Saab,┬áPang Da Automobile Trade Co., Ltd (Pang Da) and Zhejiang Youngman Lotus Automobile Co., Ltd. (Youngman) have signed a non binding memorandum of understanding (MOU). “The MOU includes an equity participation in the total aggregate amount of about EUR 245 million as well as a strategic alliance consisting of a three […]

Continue Reading