SHANGHAI, Nov 1 (Reuters) - China's Minister of Industry and Information Technology said on Tuesday he supported "in principle" the planned purchase of Saab by Chinese firms Pang Da and Youngman, the first official indication on how Beijing might react to the rescue plan. Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co signed an initial deal last week to pay 100 million euros to take over troubled Swedish carmaker Saab, owned by Swedish Automobile Chinese ...
Premium Content (PAID Subscription Required)
"China minister says supports "in principle" firms' takeover of Saab" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.