SHANGHAI, - Swedish Television reported yesterday that the Bank of China will become an investor in Saab based news site released by Saab United. This latest development will help General Motors Co.. - Still have a special stake in the company - to let go of Saab as a whole.
In the midst of the European financial crisis arise news about Saab. Produsen of Swedish cars were reportedly shares will be bought by Bank of China. The latest news comes after Automotive News quoted the news from Reuters said the owner now Saab Spyker Car NV and Youngman Automobile Lotus from Zhejiang agreed Bank of China will become part-owner of Saab.
With this new agreement, China will replace the Bank of China Pang Da Automobile Trade Co..,-Car distributor network in China - as investors in Saab. According to Reuters, Youngman and Bank of China, the fourth largest bank in the country by market value - together have a stake below 50 percent in the Swedish brand.
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Saab - stands for Svenska Aeroplan Aktiebolaget original but is now better known as Saab Automobile AB - since the last few months of cash shortages and led the company is now under trial in Sweden at the request of creditors. Meanwhile, unions are demanding that the company bankrupted because Saab had not paid their wages.
November, GM said it would stop the supply of components and technologies if Youngman and pand Da managed to make an offer to buy Saab. GM worries in this regard, Saab technology will fall into the hands of competitors.
