Saab Gets Last-Minute Cash Payment From China, Dodges Bankruptcy Bullet Again

Started by IL, Dec 13, 2011, 09:02 PM

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IL

Dec 13, 2011, 09:02 PM
Swedish media are reporting that China's Youngman Lotus Automobile, which hopes to acquire a stake in Saab Automobile, has given the bankrupt Swedish automaker a last-minute payment of $5 million, with more money promised.

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