Saab in $221m deal with Hawtai Motor
By Aaron Gray-Block | China Daily | Updated: 2011-05-04 07:56
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Victor Muller, chief executive officer of Spyker Cars NV and chairman of Saab Automobile AB, at the New York International Auto Show last month. Andrew Harrer / Bloomberg |
AMSTERDAM - Spyker Cars NV said on Tuesday that China's Hawtai Motor Group would invest 150 million euros ($221 million) in the Dutch firm's ailing Swedish brand Saab Automobile AB in return for shares, enabling Saab to pay bills and resume production.
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