Filed under: China, Europe, Saab, Earnings/Financials
Volvo no longer stands alone as the only Swedish automaker with a Chinese partnership. According to Autoblog.nl,
Saab and The People's Republic's Hawtei are reportedly set to announce that the two companies have joined forces. Hawtei, formerly Hautai, is likely best known on this side of the globe for strutting a logo that could have been the bastard child of the
BMW roundel and the
Microsoft window. At this point, it's unclear exactly what each automaker hopes to gain from the alliance, though something tells us that Hawtai will likely supply the capitol needed to keep the lights on at Saab.
The news comes after Saab announced that it had secured a loan to
resume production in the short-term.
Autoblog.nl reports that Victor Muller, the current owner of Saab, will be part of an announcement about the Chinese partnership on Tuesday.
Saab saddles up with Chinese automaker Hawtei originally appeared on Autoblog on Mon, 02 May 2011 16:55:00 EST. Please see our terms for use of feeds.
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