Press Release: Swedish Automobile Continues Discussions With Youngman

Trollhättan, Sweden: Swedish Automobile N.V. (Swan) announces it is in discussion with Zhejiang Youngman Lotus Automobile Co. Ltd. (Youngman) and a bank in China about an equity interest in Swan. The discussions include a short term solution to enable Saab Automobile to pay the November wages and continue reorganization. The outcome of the discussions is still uncertain. Any possible transaction would be subject to the approval of the relevant stakeholders.

Swan will keep the market informed of any developments.

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4 Comments

  1. The tension right now is so great that anyone out here is misinterpreting just every word that is put up on just any blog, news site or any paper.
    DN, who has been a bit balanced lately is shouting there lungs of over a big, big “no news”. The headline screams no from GM but the article talks about the 100% deal is a no. no….Witch in my book is a rather old news in this roller-coaster.

    And besides, I need new news just every day to keep me from falling to sleep…:-)

  2. I’m thinking ………… GM just wants to block anything , save extortion , and their stock keeps going down from the time the 1st  IPO was made . closed plants everywhere , in Ohio and all over the world .  Just sad they wont make a deal to let such a small company they had no use for go , mabey their next to the choping block .  I’m done  thanks for listening . Dave

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