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The challenges for the Saab-Youngman-Pangda tie-up

The tripartite MOU between Saab, Pangda and China’s Youngman Lotus Automobile Co., Ltd. seems to offer an ideal partnership that promises to help Spyker/Saab tide over its current financial crisis and revive the ailing Swedish carmaker by tapping potential demand in the expanding China market. If approved by the Chinese government, the

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China’s Youngman partners with Saab and Pangda for vehicle production and sales

Trollhättan, Sweden – Spyker/Saab and its Chinese distributor partner Pangda signed a non-binding MOU with China’s Youngman Lotus Automobile Co., Ltd. (Youngman) on a distribution and manufacturing partnership on June 13, according to the latest Saab press release. The MOU includes an equity participation in the total aggregate amount of

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Pangda seeks government approval on Spyker/Saab deal

Trollhättan, Sweden – China’s Pangda Automobile Trade Co., Ltd. (Pangda) has entered procedure discussions with Chinese authorities, including the National Development and Reform Commission (NDRC), to obtain regulatory approvals for the investment in Spyker and Saab Automobile, according to a Saab news release. Pang Da’s advance payment and sales of

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