China: Pang Da drops bid to buy Saab

Pang Da Automobile Trade is reported by Reuters to have said it will halt its attempt to acquire Saab in light of the Swedish company's bankruptcy. According to the news agency, a statement to the Shanghai stock exchange from Pang Da said: "In view of Saab being declared bankrupt, Pang Da Subscribe to Automotive World … Continued

• By Webmaster
• December 21, 2011