Swedish Automobile to lose 70 mln euros on Saab

Newswire

AMSTERDAM, Oct 28 (Reuters) - Swedish Automobile's chief executive said that the company would lose roughly 70 million euros from its investment in Saab, the financially troubled Swedish car manufacturer, if the deal with two Chinese investors goes ahead. "The company has lost the money," chief executive Victor Muller said on a conference call with reporters on Friday to discuss Saab's sale to China's Pang Da Automobile Trade Co and Zhejiang Youngman Lotus Automobile Co. Muller said Saab ...

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