Ivo 71 sent the crew a couple of interesting links. Thanks Ivo!
Youngman Lotus Wants 200,000-Unit Saab Capacity in Hangzhou. Albeit a bit old piece of news, but I believe we have not covered it in a posting yet.
According to Mr. Pang, an initial annual capacity of 160,000 Saab cars will be created here, which will eventual grow to 200,000 units; about half of the products will be sold overseas.
Most likely this concerns the Asian market only. Many Asian countries follow the same certifications as China, so a car produced and certified for China is an easy way into other Asian countries as well.
He also revealed Youngman first contacted Saab in October last year, and the two sides started negotiations in January this year, which led to the signing of a letter of intent in March.
In other news (also ChinaAutoWeb):
Hawtai Motor Chastised by CAAM for Grossly Inflating Sales Numbers.
Hawtai Motor, the unsuccessful pursuer of Saab, has been penalized by China Association of Automobile Manufacturers (CAAM) for posting fictitious sales, according to source close to the matter. In its May issue of Auto Production and Sales Report, CAAM put down “zero” for Hawtai sales as it deemed false and unusable the data from the company.
Is another executive round of the musical chair game afoot?