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Saab’s car finance struggle a thing of the past?

Saab’s new $142m deal with Chinese automotive companies Pang Da and Youngman Lotus may only just be finalised, but now the 100% Chinese-owned company claims it will be ready to start car finance production in just eight weeks.

Saab’s new $142m deal with Chinese automotive companies Pang Da and Youngman Lotus may only just be finalised, but now the 100% Chinese-owned company claims it will be ready to start car finance production in just eight weeks.

Talking to Inside Line, Michele Tinson, director of communication at Saab Cars North America said "the factory may be running in eight weeks in the best-case scenario," adding "production of the Saab 9-4X crossover at General Motors' Ramos Arizpe, Mexico plant will get back up and running more quickly than Sweden,too.”

It seems like Saab’s horrendous financial situation is now just a thing of the past, but will we see Saab continue to build cars the way we’re used to, or will the Chinese connection hurt the company? Time will tell.

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