-
Recent Posts
- Pessimism on the Economy – A Pox on Both Parties
- Nissan Sells South African Plants to Chery SA
- January 2026 U.S. Auto Sales Forecast Down
- FDIC Conditionally Approves Ford Credit Industrial Bank
- First Look – 2026 Mercedes-AMG F1 W17 Racer
- Volvo EX60 Mid-Size SUV Debuts
- First Look – the 2027 E-Z-GO Liberty
- S&P Global Mobility – GM Tops Maker Loyalty Ratings Again
- Corvette ZR1X Runs 8.675-Second Quarter Mile
- Daytona 24 Hours – Old and New Stars Getting Ready to Run
- Cadillac Formula 1® – Checo Perez Completes First Track Laps
- Porsche Sales Drop 10% in 2025
- Global Warming – Michigan Studying Geologic Hydrogen
- Whitmer Stands in Stark Contrast to Trump at Detroit Auto Show
- IMSA 2026 – Cadillac Racing Entering Fourth Year in GTP
Recent Comments
- UAW Ford Department Director VP Laura Dickerson on Trump's Ford Plant Visit on Whitmer Stands in Stark Contrast to Trump at Detroit Auto Show
- Ken Zino on Ford Fuel Injector Leak Recall Now at ~694,000
- Laverne Oliver on Ford Fuel Injector Leak Recall Now at ~694,000
- Magna on its Share Repurchase Plan in reference to on Magna Posts Solid Q3 2025 Earnings Gain
- Daniel Ricciardo Global Ford Racing Ambassador on Ford Performance Rebranded as Ford Racing
Archives
Meta
Tag Archives: pang da
Saab Files for Bankruptcy. It’s All Over Except for Mourning
The end of Saab was practically assured last Saturday when General Motors reiterated a long-standing position against Saab transferring GM intellectual property to the Chinese and having Chinese companies build a rebadged Cadillac SRX as a Saab in China. GM is the largest automaker in China, albeit with communist government dictated partners. Continue reading
Posted in auto news, economy, financial results, news, news analysis, results
Tagged auto informed, auto tariffs, autoinformed.com, automotive news, chinese auto industry, GM, Ken Zino, pang da, saab, saab bankruptcy, spyker, swan, trade, wto, youngman
1 Comment
Saab Saved from Liquidation by Two Chinese Companies?
This latest episode in the ongoing Saab story (NYSE Euronext Amsterdam: SWAN) is likely not the final one in a long running thriller over the future of the former General Motors subsidiary. The proposed Chinese ownership agreement is subject to a final share purchase agreement between Swan, Pang Da and Youngman. In a statement, Swan said it will contain “certain conditions including the approval of the relevant authorities, Swan’s shareholders and certain other parties.”
Furthermore, the €100 million will be paid in installments. An important consideration for Swan to enter into the transaction is the commitment of Pang Da and Youngman to provide long term funding to Saab Automobile. Continue reading
