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Saab sold to Chinese partners

Saab owner Swedish Automobile has announced it had concluded a deal to sell 100% of the struggling carmaker to Chinese partners Youngman and Pang Da for €100m ($141.8m), AFP has reported. "Swedish Automobile NV (Swan) announces that it entered into a memorandum of understanding with Pang Da and Youngman for the sale and purchase of 100% of the shares of Saab Automobile AB (Saab Automobile) and Saab Great Britain Ltd. (Saab GB) for a consideration of €100m," the company said.