China saves Saab

China bails out Saab

Chinese automobile company Hawtai Motor Group strikes a deal to invest $223 million for a 30% stake in Saab.

<div style="text-align: left;"> The state administration of auto builders? </div>

Sameera Anand

May 04, 2011

Hawtai Motor Group Company is set to buy up to 30% of Spyker Cars, the owner of the Saab business, for €150 million ($223 million) in a strategic alliance that gives the Chinese company access to Saab’s manufacturing, technology and distribution.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.