China's Pang Da, Youngman vow long-term financing for Saab


STOCKHOLM, Oct 31 (Reuters) - China's Pang Da Automobile Trade Co and Zhejiang Youngman Lotus Automobile Co plan to provide a 50 million euro bridge loan and 610 million euros in long-term financing from 2012, court documents showed on Monday. The documents, signed by Saab's court-appointed administrator Guy Lofalk, were published on the court's website ahead of a creditor meeting due to take place later on Monday. Youngman and Pang Da agreed last week to rescue the struggling carmaker for ...

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