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Saab’s car finance saviour falls-through

Just when everything was looking rosy for Saab, even more bad news comes to light. It seems that the €150m investment deal from Chinese firm, Hawtai Motor Group, has fallen through.

Just when everything was looking rosy for Saab, even more bad news comes to light. It seems that the €150m investment deal from Chinese firm, Hawtai Motor Group, has fallen through. Spyker, who own Saab, have been looking for a huge investment for some time now and it seemed that the Chinese company would be the answer to their prayers – but with this news, it’s unlikely the deal will ever be completed.

Saab’s car finance is on very rocky shores at the moment, and it was thought that all of the shareholders would agree to the deal – they were wrong. According to reports, Saab were forced to end the deal after it became evident that the company could not acquire the consent from all of its shareholders.

What will become of the continued Saab saga? To be honest, your guess is as good as ours.

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