Swedish Automotive says it will sell 100% interests in Saab Automotive and Saab Great Britain to...

|By:, SA News Editor

Swedish Automotive says it will sell 100% interests in Saab Automotive and Saab Great Britain to two Chinese companies for €100M ($142M), pending approval from authorities and shareholders. As part of the deal, the two firms have agreed to provide Saab Automotive with the necessary funding to stave off bankruptcy and reorganize itself.