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China Hawtai takes 29.9 percent stake in Spyker, mulling over a 50:50 JV with Saab in China

BEIJING − China’s Hawtai Motor Group announced to invest a total of €150 million ( $221.7 million) in luxury car maker Spyker Cars NV, owner of Swedish car marque Saab AB, with an aim to jointly produce Saab 93-1 in a proposed joint venture in China in two years. The

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