Arab Today, arab today saabowner shares soar on report of new us investor
Last Updated : GMT 01:16:12
Arab Today, arab today
Arab Today, arab today

Saab-owner shares soar on report of new US investor

Arab Today, arab today

Arab Today, arab today Saab-owner shares soar on report of new US investor

Stockholm - AFP

Swedish Automobile, which owns beleaguered carmaker Saab, saw its shares soar over 40 percent Thursday following a report the company had found a new investor in the United States. Quoting unnamed sources close to Saab, Swedish financial daily Dagens Industri (DI) said Swedish Automobile chief executive Victor Muller was \"working on concluding an agreement with a big American investor.\" The deal regards \"long-term financing through which the investor would take part-ownership in Saab Automobile.\" \"Saab hopes the deal will be reached at the end of the week or at the weekend,\" DI reported, adding Muller had been in the United States for two weeks and had held discussions with many American investors. Saab could not be immediately reached for comment. A spokesperson for the company quoted in DI said Muller was \"working hard to find both long-term and short-term capital to reach a stable situation for Saab.\" The report sent Swedish Automobile\'s shares soaring more than 41 percent to 1.65 euros at 1000 GMT on the Amsterdam stock exchange, which was down 0.16 percent. Swedish Automobile has been seeking fresh cash since March to secure Saab\'s future. On Wednesday, it announced a new share issue but with revenue earmarked to pay already-delayed salaries, not to restart production. Saab has also entered a deal to sell and lease back its real estate, and signed deals with Chinese distributors. But the cash has not been enough to restart production at its Trollhaettan plant in southwestern Sweden, which has been halted on and off since April as suppliers stopped deliveries over unpaid bills. Iconic Swedish brand Saab was saved at the last minute at the beginning of 2010 when it was bought by small Dutch firm Spyker -- now known as Swedish Automobile -- from US giant GM. The new owner had big ambitions for Saab but the carmaker has since then lurched from one cash crisis to another.

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*

Arab Today, arab today saabowner shares soar on report of new us investor Arab Today, arab today saabowner shares soar on report of new us investor

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 01:04 2017 Tuesday ,28 February

Nokia 3310 is back — and so is 'Snake'

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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