This one is from Reuters. Pang Da says that they are not out of the deal, on the contrary, they continue talks:
China’s Pang Da Automobile Trade Co will continue talks with various parties including Saab on plans to invest in the crisis-hit Swedish carmaker, it said in a statement.
Saab owner Swedish Automobile said on Monday a Chinese bank was in talks about taking a stake in Saab, although it declined to name the bank.
On Sunday, Reuters reported that a Chinese bank would replace Pang Da in the rescue deal, which might help pave the way for approval by General Motors, which still has preferential shares in Saab and has supplied the Swedish auto brand with crucial components.
“In principle, we would not oppose any plan that would be good for Saab’s restructuring and help it out of the current plight,” Pang Da said in a statement posted on the Shanghai stock exchange late on Monday.
Swedish Automobile said on Monday it was still in discussions with Youngman, but declined to say whether Pang Da was still involved.
They have a good reason to support any deal, they spent quite a few million Euro on pre-paid cars. Let’s hope this can help to set up a proposal that GM has to agree to.