UPDATE 3-Pangda seeks Chinese approval for Saab rescue

Newswire

* Pangda starts procedural talks with Chinese authorities * Pangda says has good understanding of process * Spyker shares up 1.5 percent (Rewrites with more detail, updates shares) By Aaron Gray-Block and Fang Yan AMSTERDAM/BEIJING, May 23 (Reuters) - Chinese car distributor Pangda has started talks to gain approval from its home government for its rescue of Swedish carmaker Saab, hoping for clearance where others have failed. A deal that Saab owner Spyker Cars entered into with ...

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