Saab saga takes another twist

Is Saab to be saved again? After Autoblog reported that a rescuing takeover bid by Chinese auto dealer, Pang Da was void, the Chinese firm is confident that the planned $210 million investment to save Saab will go through.

Talking to news agency Reuters, Chairman Pang Qinghua clarified his original remarks indicating that the deal would be blocked, highlighting "that during restructuring, the court is authorised to adapt any restructuring plans, including vetoing previous agreements," but that the deal is still on.