Saab scores €13M order, Swedish real estate firm's property offer in the wings
Still, Hemfosa isn't entirely sold on picking up the Saab holdings. The properties are more valuable with the automaker in place and turning out vehicles, but since the company's future is anything but certain, there's more than a little risk involved in the deal. Reuters reports that the purchase and lease agreement is valued at around $46 million at current conversion rates.
Meanwhile, another unnamed Chinese buyer purchased a total of 582 Saab vehicles, offering an additional short-term lifeline worth €13 million, or $18.47 million USD. Even so, that's only enough cash to pay the company's workers, not its suppliers. The news wasn't enough to stop the company's union members from resigning from the automaker's board of directors.
- Biggest automotive sales disappointments
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models