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Updated: Saab Terminates Financing Agreement With Pang Da and Youngman

TROLLHATTAN, SWEDEN - Saab stated that although it terminated the agreement it entered into with Pang Da and Youngman, it said discussions are continuing.

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The term used in some European countries, e.g., Spain, for closed end leases, which ordinarily include the lessor assuming responsibility for maintenance and tire costs in addition to residual value risk.

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