Patience is a Virtue

The last few weeks have been incredibly trying for anyone with a soft spot for Saab. Tensions are at an all time high, and considering what a rollercoaster these last few months have been, I’d advise everyone to take a trip to their cardiologists once a plan is released. That plan is just about ready for it’s moment in the spotlight.

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Press Release Just In.

Press-Releases, 13.06.2011

Saab Automobile, Spyker, Pang Da And Youngman Enter Into MOU On Distribution/Manufacturing Partnership For China And Equity Participation
Trollhättan, Sweden: Spyker  Cars N.V. (Spyker) announces today that Spyker, Saab Automobile AB  (Saab Automobile), Pang Da Automobile Trade Co., Ltd (Pang Da) and  Zhejiang Youngman Lotus Automobile Co., Ltd. (Youngman) signed a  non-binding memorandum of understanding (MOU). The MOU includes an  equity participation in the total aggregate amount of about EUR 245  million as well as a strategic alliance consisting of a three partite  distribution joint venture and a tripartite manufacturing joint venture  for Saab-branded and child brand vehicles in China.

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