If you are worried that you may have to live without daily episodes of the Saab Soap, now that the company is bankrupt, worry no more. Or in the words of Saabsunited: “never ever give up!” The show will go on.
Today, Automotive news China [sub] reports:
“Zhejiang Youngman Lotus Automobile Co. says it has purchased Saab Automobile’s Phoenix architecture despite its failure to acquire the automaker itself. Youngman already has set up a company in Sweden to develop new models based on the architecture, said Rachel Pang, Youngman’s spokeswoman and daughter of Youngman President Pang Qingnian.”
The trouble is, nobody in Sweden or elsewhere has heard about it. (Read More…)
Posted in China, Europe, News Blog
Tagged as bankruptcy, Bertel Schmitt, China, Phoenix, Saab, Sweden, Yougman
Tagged as bankruptcy, Bertel Schmitt, China, Phoenix, Saab, Sweden, Yougman
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