Wednesday, November 23, 2011

Report: GM and Saab Reach a Mexican Stand-Off More than Chinese Deal

When Common Motors sold Saab to Spyker, business execs ought to have been somewhat relieved to get the brand out of their hands. Nonetheless, GM didn’t cut its ties entirely as it remains a shareholder and a main parts and technology supplier. Now this is proving to be a problem for each organizations.
Soon after receiving court protection from its creditors, Swedish Automobile N.V. agreed to sell 100% of Saab to Chinese partners Pang Da and Zeijiang Youngman Lotus Automobile, it had to

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