Saab secures $36M bridge loan from Gemini Investment Fund
The latest life preserver allows Saab to pay its June wages. The production lines are still idle while Saab deals with suppliers, but it wants to start making cars again in two weeks. Saab is also waiting on regulatory approval for €245 million ($353M) from two Chinese partners, and hopes to access a drawdown of €29.1 million ($42M) from the European Investment Bank in hopes of manifesting a Rocky-like comeback.
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