Despite Funding Commitments, Saab Still Can't Pay Workers
#1
07-26-2011, 06:40 PM
Despite Funding Commitments, Saab Still Can't Pay Workers
In the past few months, Swedish Automobile (Saab’s parent) has signed agreements with Chinese partners Pang Da Automobile Trade Co, Ltd. and Zhejiang Youngman Lotus Automobile Co, Ltd. worth an estimated $245 million. They’ve sold real estate holdings, including their factory in Trollhattan, for another $40 million. Despite having...More...
Last edited by Jazz; 07-27-2011 at 05:44 AM.
