Pangda, partners to set up Saab JV in China this yr -exec

Newswire

BEIJING, May 19 (Reuters) - Pangda Automobile Trade Co , China's largest listed auto dealer, aims to set up a manufacturing venture with Spyker Cars and a partner in China this year and to start local production in two years, a Chinese executive said on Thursday. Pangda, which came to the rescue of Saab in a deal worth as much as 110 million euros ($156 million) last week, plans to open 50 sales outlets for Saab in China this year, Wang Yin, Pangda's board secretary told Reuters in a phone ...

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