Spyker, the Dutch company that owns Saab, has secured €110m ($156m) of funding from China’s largest publicly traded car distributor to rescue the embattled Swedish carmaker.
Pang Da, which recently raised nearly $1bn in a Shanghai initial public offering, will provide €45m to Saab to allow it to resume manufacturing for export to China.
Saab’s Swedish plant has been idle for about six weeks after parts suppliers ceased deliveries until bills were paid. The Chinese group will also pay €65m for a 24 per cent equity stake in Spyker, the luxury carmaker that bought Saab last year, in order to secure Saab’s medium-term funding needs. This deal requires regulatory approval.
您已閱讀40%（674字），剩餘60%（1028字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。