Last week Saab announced a new partnership with China’s Hawtai Motor Group Company Limited. The deal included a 29.9 stake in Saab for 150 million euros ($216 million), but it looks like that deal has collapsed. It’s being reported that Hawtai was unable to obtain the stakeholder support that it needed, which is means that the deal is off.
Saab and Hawtai are still trying to work on a deal, but Saab is also now talking to other potential partners.
Full Story: Reuters
Saab Saved Again…Sells 30 Percent Stake to China’s Hawtai