U.S. instead of China
The threatened bankruptcy of the automobile manufacturer Saab has doubts about the promised funds from China and plans to adopt other emergency aid.
As the Swedish company announced on Thursday in Sodertalje, Capital should be provided before the weekend $ 60 million loan from the U.S. financial company North Street.
Also assume North Street shares on previous Saab owners Swedish Automobile NV (Swan). Both make together according to the newspaper "Dagens Industri" a sum of $ 40 million. The long-ailing automaker needs money immediately to pay the salaries and wages due in late October for its 3,500 employees can.
Youngman for the Chinese company and Pang had since pledged a "bridge financing". In the press release from Saab, it was called for alternative funding through North Street: "Saab intends to accept this offer, because there is doubt about whether the bridge financing by Youngman and Pang Da (...) to Saturday is fully realized." This is but necessary to continue the renovation work at Saab. For six years the company has virtually no production downtime due to more revenue.
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