China saves Saab

China bails out Saab

Chinese automobile company Hawtai Motor Group strikes a deal to invest $223 million for a 30% stake in Saab.
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The state administration of auto builders?
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<div style="text-align: left;"> The state administration of auto builders? </div>

Hawtai Motor Group Company is set to buy up to 30% of Spyker Cars, the owner of the Saab business, for €150 million ($223 million) in a strategic alliance that gives the Chinese company access to Saab’s manufacturing, technology and distribution.

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