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The Chinese Saab have been running after have posted a million in its account
Wednesday, 12 October 2011
Chinese vehicle manufacturer Youngman has paid about Skr100 million to Saab Automobile, according to Dagens Industri on Wednesday night.

The payment is reported to have been made on Wednesday and is a small part of the Skr640 million the Chinese collaborators are supposed to have paid to assist in the re-organisation of the company.

The total investment agreed by the parties is in the region of  Skr2.2 billion, which includes car dealership chain Pang Das. The security for money was a license to Saab's new platform for the 9-3 model. Youngman may now take advantage of a defined part of the technology, writes the paper.

The Skr100 million is welcome when the Swedish government’s salary security in Saab's reconstruction will end on October 21. The money will be enough until the Chinese authorities in November are ready to examine and come to authority in relation with the letter of intent that Youngman and Pang Da signed with Saab Automobile.
By Scancomark.se Team

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