Saab on the money hunt, still in discussions with Great Wall Motor?
 

<p>Filed under: <a href="http://www.autoblog.com/category/china/" rel="tag">China</a>, <a href="http://www.autoblog.com/category/euro/" rel="tag">Europe</a>, <a href="http://www.autoblog.com/category/government-legal/" rel="tag">Government/Legal</a>, <a href="http://www.autoblog.com/category/saab/" rel="tag">Saab</a>, <a href="http://www.autoblog.com/category/earnings-financials/" rel="tag">Earnings/Financials</a>, <a href="http://www.autoblog.com/category/spyker/" rel="tag">Spyker</a></p><a href="http://www.reuters.com/article/2011/05/12/us-greatwall-spyker-idUSTRE74B1M420110512"><i mg alt="Saab factory sign in Trollhatten, Sweden" src="http://www.blogcdn.com/www.autoblog.com/media/2011/05/saab-factory-sign-ap.jpg" style="border-width: 0px; border-style: solid; margin: 4px 0px;" /></a><br />
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Earlier this morning came word that <a href="http://www.autoblog.com/2011/05/12/saab-deal-with-chinese-partner-collapses/">Saab's deal with Chinese automaker Hawtai had fallen apart</a>. While in discussions with Hawtai, parent company <a href="http://www.autoblog.com/tag/spyker/">Spyker</a> was evidently also talking with another automaker located in China - <a href="http://www.autoblog.com/tag/great+wall/">Great Wall Motors</a>. According to <em>Reuters</em>, those talks have apparently never ended, and, in light of today's news, we're going to speculate that it's time to escalate the discussion or officially turn off the lights at <a href="http://autoblog.com/make/saab/">Saab</a> assembly plants.<br />
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Great Wall has cash and Saab has cars, technology and a dealer network. The two companies could be mutually beneficial, but there are hurdles to overcome before anything can actually happen. The Chinese government must approve a foreign joint venture before it moves forward. Still, it's a good sign that companies are still interested in working with Spyker, and that could keep Saab alive.<br />
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Spyker isn't simply pinning all of its hopes on Great Wall, as other Chinese companies are also on its radar. Besides a potential Chinese investor, however, Spyker and Saab are still hoping to see their European Investment Bank drawdown approved. Once either scenario plays out favorably, Saab can resume producing automobiles.<p style="padding:5px;backgr ound:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2011/05/12/saab-on-the-money-hunt-still-in-discussions-with-great-wall-mot/">Saab on the money hunt, still in discussions with Great Wall Motor?</a> originally appeared on <a href="http://www.autoblog.com">Autoblo g</a> on Thu, 12 May 2011 14:31:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.autoblog.com/2011/05/12/saab-on-the-money-hunt-still-in-discussions-with-great-wall-mot/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/19938991/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2011/05/12/saab-on-the-money-hunt-still-in-discussions-with-great-wall-mot/#comments" title="View reader comments on this entry">Comments</a>

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