Saab back to the drawing board after investment collapse

Sometimes life just goes from bad to worse. According to reports yesterday, Saab has slipped further into the financial mire following the collapse of a critical investment agreement.

The Swedish brand's Dutch owners, Spyker, were forced to terminate a €150m funding deal with Chinese manufacturer, Hawtai Motor Group, after it became clear that the firm could not gain the consent of all its shareholders to proceed.