It seems that Saab has been saved again, and hope that the production and development in all parts quickly to continue. Saab parent company Spyker signed a Memorandum of Understanding with Pang Since Automobile Trade Co.
Understanding consists of a strategic alliance, consisting of a 50/50 joint ventures and distribution joint venture for production (MJV) to Saab vehicles and MJV-owned brands (so called "baby signs") in China.
Saab Automobile will be up to 50 percent in annual environmental reports, with Pang and to-be-chosen manufacturing partner owns the remaining shares.
Pang It will pay 30 million for the purchase of vehicles, Saab, and is expected to have 15 million more of the Saab vehicle within 30 days only under certain circumstances.
Furthermore, Pang, the capital of Spyker, for a total of 65 million euros to € 4.19 per share (weighted average of the last ten trading days days), representing 24 percent of the Spyker fully diluted basis, and have the right to appoint a member of the Board of Spyker and / or the board of Saab Automobile.
Victor Muller, CEO Spyker and Saab Automobile, said: "Both parties are confident that this partnership, Saab Automobile and Pang Yes to enable a strong company, beginning in the distribution, and later in the production of Saab cars in China.
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