Yesterday news broke that the Chinese government might force Pang Da out of the deal to save Saab. Today, Saab has responded to those rumors...Kind of.
Trollhattan, Sweden: Swedish Automobile N.V. (Swan) and Pang Da Automobile Trade Co., Ltd (Pang Da) have taken notice of media reports questioning the validity of the partnership agreements between Swan, Saab Automobile AB (Saab Automobile) and Pang Da after Saab Automobile entered into voluntary reorganization. Swan, Saab Automobile and Pang Da underline that these reports are based on a misunderstanding.
Oh, good, it was all a misunderstanding. Of what, nobody knows, but it was a misunderstanding and no person in Swedish government should revoke their bailout protection because of such misunderstandings.
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