Saab owner sees hefty future funding from Chinese buyers

Newswire

STOCKHOLM, Oct 28 (Reuters) - The Chinese car companies planning to buy troubled car maker Saab will pump several hundred million euros into the company in the long term and will continue to produce cars in Sweden, current Saab owner Swedish Automobile said on Friday. Swedish Automobile earlier announced that China's Pang Da Automobile Trade Co and Zhejiang Youngman Lotus Automobile Co agreed to buy struggling car maker Saab for 100 million euros ($141.4 million), replacing an earlier deal ...

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