Youngman Lotus Automobile has reportedly dropped its bid to acquire bankrupt manufacturer Saab. Early this year, Youngman made a SEK3bn (US$445m) offer for Saab. Swedish newspaper Dagens Industri has reported that talks between the Chinese OEM and Saab’s administrators have ended, due to concerns about approval by the Chinese government. Turkish Subscribe to Automotive World … Continued
Youngman Lotus Automobile has reportedly dropped its bid to acquire bankrupt manufacturer Saab. Early this year, Youngman made a SEK3bn (US$445m) offer for Saab. Swedish newspaper Dagens Industri has reported that talks between the Chinese OEM and Saab’s administrators have ended, due to concerns about approval by the Chinese government.
Turkish
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https://www.automotiveworld.com/articles/93941-china-youngman-drops-saab-bid-report/
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