gm may block sale of saab to chinese firms
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

GM may block sale of Saab to Chinese firms

Arab Today, arab today

Arab Today, arab today GM may block sale of Saab to Chinese firms

Detroit - Arabstoday

General Motors Co. indicated it may block the sale of its former Saab Automobile unit to two Chinese companies if the deal would harm GM\'s interests. \"GM would not be able to support a change in the ownership of Saab which could negatively impact GM\'s existing relationships in China or otherwise adversely affect GM\'s interests worldwide,\" James Cain, a company spokesman based in Detroit, said in an e-mailed statement. Zhejiang Youngman Lotus Automobile and Pang Da Automobile Trade Co. agreed on October 28 to buy Saab from Zeewolde, Netherlands-based Swedish Automobile NV for €100 million (Dh506.23 million), and they have pledged to invest €610 million in the Swedish carmaker. GM, which sold Saab last year to Spyker Cars NV, later named Swedish Automobile, must approve the deal if it is to proceed. Clearance is also required from Chinese authorities, the Swedish government and the European Investment Bank. Saab has produced few cars since it first stopped production in March because of a lack of cash, and is now under court-administered protection against creditors. GM is waiting to get more information from Saab before it makes a final decision, Cain said in a phone interview. \"This position reflects our concerns as of today based on the information we have that\'s incomplete,\" Cain said, declining to elaborate about the concerns.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gm may block sale of saab to chinese firms gm may block sale of saab to chinese firms

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gm may block sale of saab to chinese firms gm may block sale of saab to chinese firms

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 16:03 2017 Thursday ,21 December

US hits Myanmar general in new global rights sanctions
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday