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Saab owner and Chinese investors continue talks regarding takeover deal
Tue, 15 Nov 2011Talks between Saab's owner Swedish Automobile and two Chinese investors on a takeover deal to rescue the ailing carmaker will continue even though a memorandum of understanding signed by the parties only runs until Tuesday, Saab said. "They (the parties) are still in discussions about the structure of the deal going forward and they are continuing their cooperation as if the memorandum of understanding continues," Gunilla Gustavs, a Saab spokeswoman, told Automotive News Europe. The Chinese companies, Pang Da Automobile Trade Co.
Saab: GM decides Vladimir Antonov is a good guy after all
Wed, 19 Jan 2011Vladimir Antonov - Not a 'Red under the Bed' after all. Some detected the odour of McCarthyism when GM told Spyker there could be no deal on Saab unless it showed major backer Vladimir Antonov the door. Which seemed a bit harsh; after all, there seemed no evidence to support accusations of links to organised crime by Vladimir or Convers Bank.
Vehicles connect at Michigan International Speedway
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