Video - Chinese set to buy Saab

Videos Saab Chinese set to buy Saab

Chinese set to buy Saab The struggling Swedish carmaker Saab looks likely to become the latest European firm to be snapped up by the Chinese. The company has not made a car for months and during that time has teetered from one cash crisis to another. It was under court protection to prevent creditors filing for bankruptcy, a process that was in danger of collapse before this new agreement. The parent company Swedish Automobile said a memorandum of understanding has been signed with two Chinese companies.

euronews, corporate, Cars, China



Duration: 1 minutes : 1 seconds
Author: Euronews
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