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    Report: Application filed to terminate Saab reorganization, Muller goes for loan

    It all comes down to this: Mr. Guy Lofalk, the administrator in charge of Saab's reorganization for the Swedish government, has signaled his intent to apply for termination of the voluntary reorganization of the automaker. That means Saab has five or six days, by its own estimation, to submit a ...

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    Report: GM rejects latest Saab proposal, Swedish Automobile to pursue alternatives

    Saab is inching ever closer to liquidation. Reuters reports General Motors will not support a proposed deal that would see the Swedish brand rescued with cash from a Chinese bank. GM has repeatedly cited concerns that any deal with a Chinese partner could conceivably hurt the American automaker's ...

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    Report: Bank of China to become Saab investor [UPDATE]

    Saab is showing its tenacious spirit more now than ever before, with word of another reworked proposal sliding across the desk. This latest plan, reports Automotive News, has the Bank of China assuming part ownership of Saab. The bank takes the place of Pang Da in a partnership with Youngman, and ...

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    Report: Saab postpones creditor meeting as talks with Chinese continue

    Saab is still working with Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co. to keep the company out of bankruptcy. But with no final deal in place, Saab has decided to delay a November 22 meeting with creditors until the automaker can obtain financing. Saab's parent ...

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    Report: Despite expiring deadline, Saab talks with Chinese investors continue

    Time is running out on the Memorandum Of Understanding between Saab parent Swedish Automobile and the automaker's two Chinese suitors. The MOU technically runs out today, though Automotive News reports that the three companies will continue talks even outside of a formal setting. Under the ...

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    Report: Swedish Automobile may be forced to liquidate even if Saab sale goes through

    Swedish Automobile just can't seem to catch a break. Its main brand, Saab, has received government protection from creditors, looked for loans and even secured a tentative deal with Chinese automakers, but even if it manages sell the Griffin marque, Swedish Automobile may still end up getting ...

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    Report: GM moves to sever ties with Saab over Chinese owner concerns

    Spitting out the equivalent of "No soup for you," General Motors has made stronger noises about shutting Saab off from its technology and component pipeline and the new 9-4X, due to the Swedish company's proposed takeover by Chinese firms Pang Da and Youngman. While the GM statement didn't appear ...

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    Report: GM taking issue with Saab ownership change

    Big trouble is brewing in little China. While Swedish automaker Saab was has agreed to sell itself to Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co. for what seemingly amounts to a pittance ($142 million and up to $854 million in long-term funding), General Motors, Saab's ...

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    Submit your questions for Autoblog Podcast #254 LIVE

    We record Episode #254 of the Autoblog Podcast tonight, and you can drop us your questions via our Q&A module below. Check out our discussion topics or chime in to help determine what else the crew chats about this evening. Subscribe to the Autoblog Podcast in iTunes if you haven't already ...

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    Official: Saab's Chinese buyers commit over $850M in long-term funding

    Saab may have finally been saved last week when Chinese companies Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co. agreed to buy the Swedish automaker, thus providing some much-needed short- and long-term financing. Pang Da and Youngman purchased Saab for 100 million euros ...

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    Official: Saab agrees to be sold to Pang Da, Youngman

    Despite shunning a previous takeover bid earlier this month, Swedish Automobile N.V. and Chinese automakers Youngman and Pang Da have signed a memorandum of understanding for the outright purchase of Saab and Saab Great Britain for just €100 million, or around $140 million USD. The deal is ...

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    Report: Pang Da, Youngman say original Saab deal still valid

    As with any good breakup, the recent split between Saab and its Chinese suitors has birthed a bit of he-said, she-said. Automotive News Europe reports that Pang Da and Youngman have announced that their equity deal with the Swedish automaker is still valid even after Saab said that it was ...

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    Official: Saab shirks takeover bid by China's Pang Da and Youngman, terminates 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 ...

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    Report: Admin trying to terminate Saab reorg, Muller responds by trying to terminate admin

    Things are apparently getting nasty inside Saab as the company continues to scramble for a route to viability. Autocar reports that Guy Lofalk, the court-appointed administrator placed in charge of the company's reorganization affairs, recently applied to terminate the automaker's reorganization ...

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    Official: Saab secures private equity investor, doubts timing of Chinese money

    Saab has announced that it has received a financial commitment from U.S.-based North Street Capital. The offer has arisen over doubts that the deal previously brokered with Chinese automakers Pang Da and Youngman will actually come to fruition. Saab intends to accept the new offer from its U.S. ...

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    Report: Saab saved by first loan payment from China's Youngman

    As much as the universe would seemingly like to see Saab wiped off the face of the Earth, this stubborn automaker from Sweden refuses to go quietly into the night. Despite reporting two days ago that Saab was on the verge of bankruptcy, it has been pulled back from the edge (again) today by ...

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    Report: Saab to finally succumb to bankruptcy today?

    If a new report by Autocar is to be believed, Saab may be pushed into bankruptcy as early as later today. According to the British weekly, emergency financial support from Chinese carmaker Youngman is "virtually certain to be blocked" by its home government because the deal does not include any new ...

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    Report: Unidentified companies 'showing interest' in Saab, but Geely isn't one of 'em

    The Saab story continues. Automotive News and Bloomberg report that all isn't well with the Swedish automaker's Chinese suitors. Saab still hasn't received the $93 million it needs to continue to operate while it undergoes restructuring. The cash was originally supposed to come from Zhejiang ...

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    Breaking: Sweden approves protection for Saab after all, automaker to reorganize

    Rabbit. Hat. If this whole making cars thing doesn't pan out, Victor Muller and his team at Swedish Automobile N.V. would appear to have an excellent career in magic ahead of them. The executives behind troubled automaker Saab have earned the right to reorganize under government protection ...

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    Official: Saab secures $96M bridge loan, lodges appeal as unions push for bankruptcy

    Saab fans: Go find yourself a hat, and hold the hell on to it – we have a feeling this ride is about to get a wee bit bumpier. First, Saab has confirmed that Swedish unions Unionen and Ledarna have officially filed for bankruptcy of Saab Automobile. That's par for the course and anything ...


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