Admin trying to terminate Saab reorg, Muller responds by trying to terminate admin
How's that for some corporate drama?
Muller also said that he believes that Lofalk's talks with Pang Da and Youngman may have lead the two Chinese automakers to consider a full takeover of the Swedish brand instead of merely buying a 50-percent stake in the company. The two companies reportedly made a takeover offer today, but Muller says that Lofalk has overstepped his authority. Saab has since outright rejected the takeover offer, and both Pang Da and Youngman have backed away from the automaker altogether. That would appear to leave Saab with little more than a small investment from North Street Capital to keep it afloat.
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