Tuesday, May 3, 2011

Saab seems to come out of the mud found in recent weeks after the Swedish automotive industry, today announced that production at the factory in Trollhattan will begin next week thanks to a loan of 30 million comes from the Gemini Investment Fund Limited. The money will pay its suppliers, the Saab expect the adoption of additional loan of 29.1 million euros from the European Investment Bank and intended them to cover the future costs of suppliers.

The loan bears interest at 7% and is a temporary measure to restart production. The Swedes have already begun talks with the Chinese automotive Hawtei, while Russian Vladimir Antonov investor will put 30 million to buy 30% of Saab. Official announcement of what it intends to do with Saab Hawtei will be announced tomorrow by the CEO of Saab, Victor Muller.


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