Earlier this week, Saab announced that it was terminating the deal with Chinese companies Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co., given that their bridge loan that would support the Swedish automaker survive in the short term did not materialize in the agreed period.
However the two Chinese businesses that provided only part of the €70 million (US$ 95.4 million) loan and which lately provided to buy 100% of Saab’s shares, say that the €240 million (US$
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