Friday, December 23, 2011

Chinese Company Wants To Resurrect Saab Minus GM Technology

Chinese carmaker Youngman is still negotiating to try to salvage parts of bankrupt Saab, according to reports. Youngman was bidding to buy until Saab until the latter?s company chiefs filed for bankruptcy on Monday after the Chinese deal was blocked by former owner General Motors, which owns the rights to much of the technology and components used by the Swedish car maker.

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Source: http://www.autospies.com/news/Chinese-Company-Wants-To-Resurrect-Saab-Minus-GM-Technology-68332/

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