Saab’s Chinese owner pledges assets to save the company

China’s National Electric Vehicle Sweden (NEVS), which rescued iconic car brand Saab from bankruptcy, has been forced to pledge vehicles and buildings in order to borrow 58 million kronor, Swedish media said on June 25. Saab-ePower

“It’s about the continued funding of the business,” said Nevs Communications Manager Mikael Östlund to P4 Väst.

Read more: Swedish Wire

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