Thursday, June 21, 2012
Show Me the Money: Saab Receives $5 Million US from Youngman, More May Come
It’s true that this month is probably the worst in a really bad year for Saab. Its 9-5 ended last in Consumer Reports’ luxury sedan test, GM repeatedly vetoed any sale deal involving the Chinese, and the court-appointed administrator has asked for the restructuring process to be terminated.
Today, though, a ray of light shined in Trollhättan as Saab received a first payment from China's Youngman Lotus Automobile, ahead of the court meeting that will decide its future next week.