A week, they say, is a long time in politics. That also applies when you are talking about Saab. Barely was the ink dry, so to speak, on last week's TWTW considering Saab's future post-Hawtai than Spyker's chief Victor Muller announced he had himself inked a new deal with another Chinese company (we all needed to Google before writing about) - Pang Da, aka Pangda.

These guys may have made barely a ripple in the west before they stepped up to the plate to offer a EUR 30m down payment to buy a batch of shiny new Saab vehicles to sell in China, and Pang Da was expected to pay an additional EUR15m for the purchase of more within 30 days subject to undisclosed conditions.

It will also take an equity stake in Saab of EUR65m and will have the right to nominate a member of the supervisory board of Spyker and/or the board of Saab Automobile.

Of course, the agreement is subject to consents from Chinese government agencies, the European Investment Bank, former Saab owner General Motors and the Swedish National Debt Office. But it's a start and seems to have been well received.

After all, an established regional auto distributor with, if you add in associated companies, around 1,140 dealerships representing western brands such as Audi, and Asian marques like Hyundai, Mazda, Toyota and Subaru, is not to be sneezed at. And most of the dealerships on Pang Da's website look pretty impressive.

As the week progressed, more details filtered out. The promised cash made it down the wires to Saab's friendly local branch. After an initial cool reception from the Scandinavian group, it seemed Saab-supplier relations were thawing and there were hopes of production starting towards the end of next week.

For now, Saab gets an instant 50-dealer network in China and local assembly could be under way in two years or so, according to a senior Pang Da executive.

So far so good.

China was also in the news this week with Ford planning to add a new automatic transmission plant to the car and engine plants it is already building, talk of a technical alliance between Geely and its parent's recently acquired Volvo Car, and the Dongfeng-PSA JV starting on its third car plant.

Meanwhile, down in Brazil, there's an interesting little spat going on with the neighbours, JCI and Saft have fallen out over future plans and BorgWarner and Honeywell came to an understanding on turbo technology.

We've also crunched some numbers for you this week - putting Europe under the Glenn Brooks microscope.

Have a nice weekend.

Graeme Roberts, Deputy Editor, just-auto.com