Yesterday we posted news on a speculative rumour about the two Chinese partners of Saab (Pang Da and Youngman) willing to guarantee a bridge loan for Saab, in order to allow Saab to restart production.
Now the plot seems to thicken. According to ShanghaiDaily.com, Mr. Pang Qinghua, chairman of Pang Da, sees no more bankruptcy danger for Saab.
Pang Qinghua, chairman of Pang Da, yesterday told Shanghai Daily that they have not submitted the application to the National Development and Reform Commission, China’s top economic planning body. He did not give further details.
But he said Saab was not in danger of an imminent bankruptcy as its chief executive officer [Mr. Muller] was in China yesterday to coordinate rescue efforts.
This is still a non-confirmed rumour, but more and more fingers point in the same direction.
Thanks to SaabLog-In for the tip.