Saab receives loan money from Youngman -paper

Newswire

* $15 mln payment part of $97 mln bridge loan * China's Zhejiang Youngman secured loan to aid Saab STOCKHOLM, Oct 12 (Reuters) - Crisis-hit car maker Saab has received about 100 million crowns ($15 million), part of a bridge loan secured by China's Zhejiang Youngman Lotus Automobile that is key to the Swedish firm's short-term survival, daily Dagens Industri reported on Wednesday. The money is part of a 70 million euro ($97 million) loan secured by Youngman that is intended to see Saab ...

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