Chinese owner of Saab car brand granted bankruptcy protection

A Chinese-owned company set up to take over Saab’s assets after the troubled Swedish carmaker’s bankruptcy said on Aug 29 it saab93had succeeded in being placed in receivership. National Electric Vehicle Sweden, or NEVS, had applied to be protected against creditors while seeking new sources of financing.

Read more: Channel News Asia

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *