Saab, Chinese automaker to announce partnership today

By David Shaw, ERJ staff

Stockholm — Saab Automobile AB has announced a strategic partnership with China Hawtai Motor Group.

Victor Muller, Saab Automobile chairman, and Richard Zhang, vice president of Hawtai Motor Group addressed the media from Beijing.

The company said, “Following yesterday´s announcement that Spyker Cars N.V. (Spyker) secured its short term funding, Spyker announces today that Spyker and Saab Automobile AB (Saab Automobile) signed an agreement with Hawtai Motor Group Company Limited (Hawtai). This agreement conditionally secures medium term funding and includes financing in the…

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