saab deal

Saab has officially confirmed that it has terminated its deal with Pang Da and Youngman. In a press release, the company said that the deal came to an end because both of its Chinese partners failed to live up to their end of the bargain; namely supplying Saab with the interim funding necessary ...

Saab may have finally found a willing partner to buy the company's assets and lease them back to the automaker. According to Reuters, the Swedish real estate firm Hemfosa has agreed to make the move, but the complex financial situation surrounding Saab may make the deal difficult. The European ...

Saab has drummed up another Chinese partner. The Swedish automaker has signed a memorandum of understanding with Zhejiang Youngman Lotus Automobile Company for a €245 million ($352M USD) equity sharing distribution and manufacturing deal. The new partner will take on a 29.9 percent stake in ...

With the LA Auto Show near at hand, Chris, Dan, and Editor Extraordinaire Paukert sat down and talked over some of the latest for Episode #155 of the Autoblog Podcast. First up is the surprisingly thorough re-rework of the ...