TROLLHATTAN, SWEDEN – On Oct. 28, Saab announced that Pang Da and Youngman have agreed purchase Saab for EUR 100 million from Saab's parent company Swedish Automobile N.V.

You can read more about the announcement here.

Saab had terminated its financing agreement with Chinese companies Pang Da and Youngman. Swedish Automobile N.V., parent company of Saab, said it took this step after both companies failed to confirm their commitment to the terms they and Saab’s parent company had agreed to on Oct. 13.

Updated: 10/28/2011

Originally posted on Automotive Fleet