Spyker received money


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Wednesday, 18 May 2011
Saab seems on the brink of renewed production vitality as news just in holds that the money promised by the Chinese dealer Pang Da has been received.

According to various Swedish news paper reports, Spyker which owns Saab is reported to have received the promised Skr270 million from the Chinese Pang Da. The tabloid paper Aftonbladet specifically wrote that Victor Muller told them that "We are on track again.”


The money is said to start Saab's production within two weeks. Spyker has also been able to borrow the same amount from Investment Company, Gemini fund and has a total of half a billion Krona to launch production.

According to Muller letters will be sent out to subcontractors in the coming days. They need to get paid and guarantee that their relationship will remain strong for their future continuity.
Overall, the collaboration with Pang Da is worth Skr900 million.
By Team

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