Saab Automobile says today its Chinese joint-venture partners, Pang Da and Zhejiang Youngman Lotus Automobile, will take over the struggling Swedish auto maker in a deal valued at E100 million ($141.4 million). The buyout of Saab by the Chinese companies would provide the auto maker with the financial footing it needs to complete reorganization in Sweden, pay creditors and workers and restart its Trollhattan assembly plant, dark since April. Saab, and parent company Swedish Automobile, ...

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