Saab: Understanding The Chinese Fell From Hawtai

Spyker announced today that initial understanding of the Chinese Hawtai as strategic partnership for Saab, fell. But discussions are continuing, including with other investors in China. necessary funds to ensure the short and medium term.

As a result of this disruption of understanding, Saab Automobile could fall in partnership with another Chinese company for production and distribution in China, it said in a press release from the Swedish company.

As initially announced on May 3, Hawtai Motor Group transaction was subject to certain conditions and documented transactions, including the consensus of various stakeholders. But it became clear that Hawtai fails to obtain the necessary consensus, the parties have been forced to abandon the original understanding. But the three companies will continue to discuss possible cooperation, but without an exclusive.

Spyker Cars and Saab continue to seek funds to secure short and medium term needs, having talks with various Chinese partners.

Source: http://www.saab.com/