Video - Chinese buyers vow long-term financing for Saab


Videos Saab Chinese buyers vow long-term financing for Saab



Chinese buyers vow long-term financing for Saab

www.euronews.net Bosses of the Chinese companies that are buying Saab have been in Sweden and talking about its future. Under the agreed sale to China's Pang Da and Youngman Saab will get just over 600 million euros to fund its operations through to the end of 2013. They plan a total investment of two and a quarter billion euros over the next five to six years, but do plan cost cuts including laying off 500 workers, 15 percent of Saab's employees.

euronews, corporate, Cars, Sweden

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Duration: 1 minutes : 6 seconds
Author: Euronews
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