Saab and Spyker signed a Memorandum of Understanding with the Chinese company Pang Da Automobile Trade, which owns more than 1,100 dealers in the domestic market only and specializes in the distribution of cars. As revealed by the same Saab, Pang buy cars from a Swedish equivalent of 45 million euro (30 million immediately and 15 within the next month) and will buy 24% stake of Saab estimated 65 million euro, equal to 4.19 € per share.
This cash injection will enable Saab summits to address the most immediate economic maturity, at all costs to develop the new framework will also serve the future sedan hatchback. 
This cash injection will enable Saab summits to address the most immediate economic maturity, at all costs to develop the new framework will also serve the future sedan hatchback.
- Saab saved again, partners with China's Pang Da Automobile (16/05/2011)
- China automaker Great Wall denies talks with Saab (13/05/2011)
- China automaker Great Wall denies talks with Saab (13/05/2011)
- Great Wall Motors denies Saab talks (13/05/2011)
- The Saab Phoenix - Dutch/Swedish innovation on 4 wheels (27/04/2011)
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