Saab Automobile AB has scrapped its planned alliance with Hawtai Motor of China a week after it was announced, throwing the Swedish carmaker’s future into fresh doubt.
Hawtai appeared to have rescued Saab from the brink of collapse last week when it agreed to pump €150m ($213m) into the troubled company.
But the deal was met with scepticism in China and Sweden amid doubts over Hawtai’s ability to fulfil the agreement.
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