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by Jeff

Reports indicate Saab will build cars in Tianjin, China *UPDATE: Youngman May Make New Investment*

July 26, 2011 in News

According to China Car Times, Saab will set up shop with partner Youngman in Tianjin, a city near Beijing. It is also the site of Great Wall Motor’s new plant, serves as a major automotive import hub, and is home to many major Chinese suppliers.

CCT mentions that they’ve heard reports that Saab sent a team of engineers to Youngman and found that their existing production lines (which a commenter mentions in the same article are elsewhere in the Guizhou to Shangdong provinces) can easily handle the additional 150,000 vehicles a year when they’re brought online. They say that the plant would be operational in 2 years at the earliest, and that they would need to import cars in the meantime. I’m sure the workers in Trollhattan would be more than happy to ramp up production to cover the difference if Pang Da is placing orders for tens of thousands of Saabs.


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Avatar of Red J

by Red J

Pang Da is confident

June 19, 2011 in News

China News have good news about how things are evolving in china.

Pang Qinghua, chairman of Pangda Group, said during an interview on June 16 that the due diligence on its partnership with Saab is coming to an end, and he is confident that their three-party deal will get government approval after checking the due diligence report.

Avatar of Jeff

by Jeff

China: While Uncertainty Remains Over Future Deal, Saab Must Focus On the Present

May 23, 2011 in Editorial, News

  • Future hurdles to setting up the Manufacturing Joint Venture (MJV) between Saab, Pang Da, and a Chinese domestic manufacturing partner include getting past the NDRC. However, Pang Da has suggested that they will be asking the NDRC themselves who they would recommend as a partner– casting doubts over the reports that suggest the NDRC would get in the way.
  • No matter what happens with the future MJV, Saab’s focus continues to be securing short and medium term financing to ensure a smooth production in Trollhättan and continued development of the NG 9-3. The distribution agreement with Pang Da for Chinese importation of Saabs is a needed cash infusion, and sets the stage for future cooperation. In the meantime, Victor Muller recently suggested that his focus will return to Trollhättan and the EIB loan. “After the Pangda deal is implemented, my focus is going to be finding a new CEO and getting a commercial loan to take out the EIB,” Muller said. “We cannot be dependent on the government or the EIB for whatever we do with the company. We have been paralyzed, we cannot move left or right.”

No doubt the Chinese auto market is complex and difficult to navigate, certainly for a small automaker from Sweden. The deal between Swedish Automobile (formerly Spyker) and Pang Da has multiple arms, the first are solely based on distribution and sales. Pang Da as one of the largest dealership groups in China as we know already sells a number of brands. Several news reports filed over the weekend with more expected to come this week suggest that Saab’s future partnership to produce cars for the local Chinese market will meet resistance with China’s regulatory agencies. Two articles emerged in particular, one from Bloomberg and the other from Automotive News that cast doubt over the future of the MJV Saab and Pang Da intend to form. But should we even be worried about deals that were crafted to take place a year or two from now when there are much more pressing matters happening in Sweden now?

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Avatar of RobinM

by RobinM

Pangda’s CEO reveals Saab plans in interview.

May 19, 2011 in News

I’ve just found this interview at a web site called China Car Times.
A link to the original piece can be found here,

The sudden buy into Saab by a relatively unknown Chinese car dealership group took the automotive world by storm earlier this week, the deal was announced just 11 days after Saab’s sudden marriage to Hawtai broke down after Hawtai were unable to satisfy Saab’s demands. It appears that Saab hammered out a deal with Pangda in extra fast time, but at the end of the day it appeared that Pangda were more interested in gaining products to sell rather than taking over Saab, Pangda’s CEO and founder Mr. Pang Qing Hua talked about his plans for Saab in a recent interview with the Chinese website, Auto Sohu.

Translation by China Car Times