IMPORTANT NEWS: National Electric Vehicle Sweden has agreed to buy the assets of Saab Automobile and the sale is expected to be finalized during the summer.

Thursday, August 25, 2011

Could Youngman come to the rescue?

We have heard earlier that Zhejiang Youngman Lotus Automobile Co. was considering helping Saab with funds so that our beloved car maker will survive until late autumn when it is expected that China's National Development and Reform Commission (NDRC) has made a decision whether to allow Chinese Pang Da Automobile Trade Co. and Youngman to invest in Saab.

So far nothing has come of this. But now a reporter from msn autos claims to have talked to a Saab PR guy at the Pebble Beach Concours d’Elegance auto exhibition who told him that Victor Muller was at Pebble Beach on Friday but had left to take care of the final details with Youngman that will give Saab the capital it needs to get back on track.

But as the msn autos reporter writes, who knows what is true and what is not...