Saab says deal with Pang Da still possible | CarNewsChina.com ...

Published on May 26, 2011 by Tycho

(UPI) " Saab Chief Executive Officer Victor Muller supposed Chinese authorities informed him a contract by means of Pang Da was motionless possible.

The National Development and Reform Commission in China wants to endorse main deals recognized by foreign and Chinese decide and it has person's name obtainable so as to decide can submit truthfully for one contract at a time, the Stockholm News obtainable Tuesday.

Saab had by now had a contract by means of Chinese car manufacturer Youngman submitted for review. This would, beneath the circumstances, derail the new contract by means of Pang Da.

But Muller supposed he has performer directly so as to the contract by means of Pang Da is motionless viable, the newspaper said.

Dutch corporation Spyker Cars purchased Saab as of General Motors Co. in 2010, but the corporation has person's name beneath harsh monetary stress. Production has person's name fundamentally more supposed a few era in new months as,at the same time as the corporation seeks to labor out long-term financing in arrange to pay subcontractors, who contain stopped creation deliveries.