saab usa - saab fails to deal funds injection, may 2011;
Saab's on the ropes after Chinese bailout deal falls apart: Saab has fallen to the board today after his property for a cash injection from
China Hawtai Motor Group collapsed.
Saab has not made a
car since April 6 because it is short of money to pay suppliers.
The owner of Spyker Cars said Hawtai could not get permission to deal with $ 223,000,000. Hawtai said in a statement that "strategic cooperation" with the Spyker and the Saab has been completed through consensus. " Hawtai said: "The current situation is complex and has not been possible to reach agreement on the documentation in time to consider."
The Chinese company said, however, that negotiations with Spyker continue to try to reach a new agreement. Saab spokesman Gunilla Gustav The Associated Press that the company has not given up on investment and is in talks with potential Chinese partners, but gave no names. Before the agreement was Hawt Saab also talks with BAIC, Great Wall Motors and Youngman.
Saab said it would resume production this week with a six-month loan from one of its shareholders and by tapping its credit facility with the European Investment Bank. EIB was not OK, that bit, and Saab is still closed.
Moreover, like China, Saab has also proposed a plan to rescue Russia's sale of the factory in Russia, Vladimir Antonov businessman in exchange for 30% of Saab, but the plan has been approved by the Government of Sweden.
Antonov representative of Sweden, Lars Carlström told Reuters today that Russia is "still very interested and eager to get the Saab, the Saab to invest." Although the loss Hawtai deal and remains "optimistic" about investment in China.
saab, usa, deal, funds, may, 2011, Hawtai, China Hawtai Motor Group, China, Sweden, Russia, automobile company, automaker, BAIC, Great Wall Motors, Youngman, EIB
